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Stabilis Solutions, Inc.

SLNG · Utilities · $88.7M mkt cap · FY2025 filings · · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

34

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $69.2M to $68.2M, decreasing; diluted EPS -0.45 to -0.07, increasing. Diluted EPS was derived from net income and diluted weighted-average shares in 1 year where the direct tag was absent. Latest-filed diluted EPS remains usable for Business Trend, but an integer share-count change lacks enough evidence to confirm a comparable EPS basis; valuation growth therefore stays at 0%.

9

Median gross margin 20.8% over 8y, variable.

0

Median ROIC -32.1%, above the 12% hurdle in 0% of years.

—

Insufficient leverage/coverage inputs to score the balance sheet.

24

Owner earnings changed trend unclear over up to the ten most recent annual observations.

The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
6287% above value if growth stopped today
$125000
$0.07
$0.07
$4.77
6287% above value if growth stopped today

What today’s price assumes: owner earnings growing ~130%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 243% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 18, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

17 years of fundamentals

The business, in plain English

Stabilis Solutions, Inc. booked $68.2M of revenue in FY2025 in the Utilities sector and kept 26.4% of it as gross profit — a moderate-margin business by that measure. After every other cost, −2.0% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $39M (FY2010) to $68.2M (FY2025) — about 3.8% a year compounded over 15 years.

ROIC is not available for the latest filed year, FY2025. Across the full 8-year measurable filed record, median ROIC was −16.6%. Over the v3 recent window (2 measurable filed years), median ROIC was −32.1%. The Returns on Capital filter above scores it 0/100.

SLNG's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2009–FY2025 · 17 fiscal years, normalized from SLNG’s SEC filings

Sales, as filed$68.2M FY2025
$0$50M$100M2009201520212025
Revenue kept after cost of goods26.4% FY2025
0%20%2009201520212025
Standard ROIC or separately labeled Operating ROICStandard ROIC −1.9% FY2017

Exact FY and FY-1 financing invested-capital inputs are required.. Current-year EBIT, tax expense, and non-zero pretax income are required for standard ROIC.

−2%−1%0%2009201520212025
Cash an owner could take out−$1.4M FY2025
−$5M$0$5M2009201520212025

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How Stabilis Solutions, Inc. makes its money

Stabilis Solutions, Inc.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$68.2M100%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Cost of revenue$50.2M74%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
$18M26%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Income before tax−$1.3M−2%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Income tax$540000%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
−$1.4M−2%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
· event Dec 31, 2025 · retrieved Oct 18, 2026 · annual-row source set

Flagship explainer

What Stabilis Solutions, Inc. owns — and owes

Stabilis Solutions, Inc.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$83.1M100%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Cash and equivalents$7.5M9%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Stockholders’ equity$66.7M80%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
· event Dec 31, 2025 · retrieved Oct 18, 2026 · annual-row source set

Flagship explainer

What drives Stabilis Solutions, Inc.’s return on equity?

One or more filed inputs needed for the five-factor decomposition are unavailable.

DuPont source inputs
InputValueFiscal yearSource
Net income−$1.4MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Income before tax−$1.3MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Operating incomeUnavailableFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Revenue$68.2MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Ending assets$83.1MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Beginning assets$85.6MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001437749-25-005086 · filed Feb 25, 2025
  • 10-K · FY 2024Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Ending equity$66.7MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Beginning equity$67MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001437749-25-005086 · filed Feb 25, 2025
  • 10-K · FY 2024Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Source: · event Dec 31, 2025 · retrieved Oct 18, 2026 · annual-row source set

Flagship explainer

Where Stabilis Solutions, Inc.'s cash went

Stabilis Solutions, Inc.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$8.6M100%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Depreciation and amortization$7.3M85%
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001437749-26-007090 · filed Mar 5, 2026
· event Dec 31, 2025 · retrieved Oct 18, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Stabilis Solutions, Inc.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 18, 2026

Flagship explainer

What Stabilis Solutions, Inc. insiders reported

We could not retrieve insider activity for this rendering; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

30 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale16.8 / 100
0406080100WideNarrowShallowNo moatJul 20, 2026Oct 18, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for SLNG.

Track record

How Stabilis Solutions, Inc.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored SLNG on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score102050100200Indexed price · log scale (2012 = 100)201120142017202020232026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, SLNG did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Utilities context

#95 of 102 scored Utilities companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #93GWRS Global Water Resources, Inc.19.7No moat
  2. #94OPTT OCEAN POWER TECHNOLOGIES, INC.19.3No moat
  3. #96SNTW SUMMIT NETWORKS INC.16.6No moat
  4. #97VG VENTURE GLOBAL, INC.16.6No moat

Compare SLNG with its nearest peers →All Utilities companies on the Index →

Common questions about SLNG

Does Stabilis Solutions, Inc. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores Stabilis Solutions, Inc. (SLNG) 16.8 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 34, pricing power 9, returns on capital 0, balance-sheet safety not measurable from the filings, capital allocation 24.
Is SLNG trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $0.07 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $4.77, that is 6287% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has SLNG's Moat Score changed over time?
The record logs 30 readings since Jul 17, 2026; the latest reads 16.8 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell SLNG. See the disclaimer.