SONOS, INC.

The business, in plain English

SONOS, INC. booked $1.4B of revenue in FY2025 in the Industrials sector and kept 43.7% of it as gross profit — a solid-margin business by that measure. After every other cost, −4.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $844M (FY2015) to $1.4B (FY2025) — about 5.5% a year compounded over 10 years.

It earned −22.1% on invested capital in the latest filed year, FY2025. Across the full 5-year measurable filed record, median ROIC was −14.7%. Over the v3 recent window (5 measurable filed years), median ROIC was −14.7%. The Returns on Capital filter above scores it 7/100.

SONO'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.

Put together: Pricing Power is the strongest of the five filters (75/100) and Returns on Capital the weakest (7/100), which is how SONO lands at 29/100 — a None moat.

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.