Security National Financial Corporation
SNFCA · Other · FY2025 filings · · Narrow moat ·
On the watchlist
The five investor questions
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $471M to $345M, decreasing; diluted EPS 1.80 to 1.26, decreasing.
Median gross margin 99.1% over 10y, very stable.
Not enough years of ROIC data to score returns on capital.
Net debt/EBITDA n/ax, interest coverage 10x.
Owner earnings changed +9.8%/yr over up to the ten most recent annual observations, share count n/a.
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. 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.
- $29.1M
- Unavailable — insufficient owner-earnings data
- Unavailable — insufficient growth-model data
- $8.98
- No price data
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 238% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Score records captured Sep 4, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, CPRT, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, INTU, DECK, MORN, 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.
18 years of fundamentals
The business, in plain English
Security National Financial Corporation booked $345M of revenue in FY2025 in the Other sector and kept 98.6% of it as gross profit — a high-margin business by that measure. After every other cost, 9.3% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $217M (FY2009) to $345M (FY2025) — about 2.9% a year compounded over 16 years.
SNFCA'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.
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.
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.
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.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Score history begins Sep 4, 2026 — the record builds forward from here.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
None yet — SNFCA has read Narrow moat for every logged capture since Sep 4, 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.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Sep 5, 2026.
5 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
No reported Form 4 rows were captured for SNFCA; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.
A filing source-event date will appear when a Form 4 row is captured.
Retrieved .
Other context
#23 of 99 scored Other companies, ranked by Moat Score.
Nearest peers by Moat Score
- #21UROY URANIUM ROYALTY CORP.63.1 out of 100, Narrow moatNarrow moat
- #22OPY OPPENHEIMER HOLDINGS INC.62.8 out of 100, Narrow moatNarrow moat
- #24GPGI GPGI, Inc.58.4 out of 100, Shallow moatShallow moat
- #25WLTH Wealthfront Corporation57.9 out of 100, Shallow moatShallow moat
Compare SNFCA with its nearest peers →All Other companies on the Index →
Common questions about SNFCA
- Does Security National Financial Corporation have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores Security National Financial Corporation (SNFCA) 60.0 out of 100 — a Narrow 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 20, pricing power 100, returns on capital not measurable from the filings, balance-sheet safety 48, capital allocation 72.
- How has SNFCA's Moat Score changed over time?
- The record logs 1 reading since Sep 4, 2026; the latest reads 60.0 out of 100 (narrow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.