SYNOPSYS INC

SNPS · Technology · $70.1B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power100

Median gross margin 78.0% over 10y, very stable.

Returns on capital77

Median ROIC 15.4%, above the 9% hurdle in 90% of years.

Balance-sheet safety0

Net debt/EBITDA 6.7x, interest coverage 2x.

Capital discipline60

Owner earnings +18.1%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

203% above value

Owner earnings (normalized): $1.3B
Est. intrinsic value / share: $124.59
Recent price: $376.99
Discount to value: 203% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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