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Security National Financial Corporation

SNFCA · Other · FY2025 filings · · Narrow moat ·

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The five investor questions

20

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $471M to $345M, decreasing; diluted EPS 1.80 to 1.26, decreasing.

100

Median gross margin 99.1% over 10y, very stable.

—

Not enough years of ROIC data to score returns on capital.

48

Net debt/EBITDA n/ax, interest coverage 10x.

72

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.

Above value if growth stopped todayBelow value if growth stopped today
No price data
$29.1M
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$9.09
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 249% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 21, 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.

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.

FY2008–FY2025 · 18 fiscal years, normalized from SNFCA’s SEC filings

Sales, as filed$345M FY2025
$0$200M$400M2008201420202025
Revenue kept after cost of goods98.6% FY2025
0%50%100%2008201420202025
Standard ROIC or separately labeled Operating 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.

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.

Cash an owner could take out$32.9M FY2025
$0$25M$50M2008201420202025

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 Security National Financial Corporation makes its money

Security National Financial Corporation's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$345M100%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Cost of revenue$4.7M1%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
$340M99%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Income before tax$41.4M12%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Income tax$9.3M3%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
$32.2M9%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
· event Dec 31, 2025 · retrieved Oct 21, 2026 · annual-row source set

Flagship explainer

What Security National Financial Corporation owns — and owes

Security National Financial Corporation's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$1.6B100%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Cash and equivalents$102M7%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Stockholders’ equity$410M26%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
· event Dec 31, 2025 · retrieved Oct 21, 2026 · annual-row source set

Flagship explainer

What drives Security National Financial Corporation’s return on equity?

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

DuPont source inputs
InputValueFiscal yearSource
Net income$32.2MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Income before tax$41.4MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Operating incomeUnavailableFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Revenue$345MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Ending assets$1.6BFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Beginning assets$1.5BFY2024
  • 10-K · FY 2024Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Ending equity$410MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Beginning equity$382MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Source: · event Dec 31, 2025 · retrieved Oct 21, 2026 · annual-row source set

Flagship explainer

Where Security National Financial Corporation's cash went

Security National Financial Corporation’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$45.5M100%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Depreciation and amortization$2.4M5%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-010228 · filed Mar 16, 2026
· event Dec 31, 2025 · retrieved Oct 21, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Security National Financial Corporation

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 21, 2026

Flagship explainer

What Security National Financial Corporation 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

17 logged readings since Sep 4, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale60.0 / 100
0406080100WideNarrowShallowNo moatSep 4, 2026Oct 21, 2026

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.

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

Other context

#23 of 104 scored Other companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #21UROY Uranium Royalty Corp.63.1Narrow moat
  2. #22OPY OPPENHEIMER HOLDINGS INC.62.8Narrow moat
  3. #24GPGI GPGI, Inc.58.4Shallow moat
  4. #25WLTH Wealthfront Corporation57.9Shallow 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 17 readings 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.

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