Does Sunbelt Rentals Holdings, Inc. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores Sunbelt Rentals Holdings, Inc. (SUNB) 70.3 out of 100 — a Narrow moat. The four filters behind that score (each 0–100): pricing power 97, returns on capital 67, balance-sheet safety 77, capital discipline 29.

Is SUNB stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $42.06 per share versus a recent price of $73.41 — 75% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has SUNB's Moat Score changed over time?

The record logs 1 reading since Jul 18, 2026; the latest reads 70.3 out of 100 (narrow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Sunbelt Rentals Holdings, Inc.

SUNB · Technology · $30.1B mkt cap · FY2026 filings · Narrow moat ·

On the watchlist

Narrow moat

The four filters

Pricing power97

Median gross margin 171.0% over 3y, very stable.

Returns on capital67

Median ROIC 12.3%, above the 9% hurdle in 100% of years.

Balance-sheet safety77

Net debt/EBITDA 1.7x, no material interest expense disclosed.

Capital discipline29

Owner earnings -8.2%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

75% above value

Owner earnings (normalized): $1.6B
Est. intrinsic value / share: $42.06
Recent price: $73.41
Discount to value: 75% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

4 years of fundamentals

The business, in plain English

Sunbelt Rentals Holdings, Inc. booked $2.5B of revenue in FY2026 in the Technology sector and kept 171.0% of it as gross profit — a high-margin business by that measure. After every other cost, 52.8% of each revenue dollar reached the bottom line.

It earned 10.7% on invested capital in FY2026, with a median of 12.3% across 3 filed years. The Returns on Capital filter above scores it 67/100.

The balance sheet carried $7.6B of total debt in FY2026 against $1.3B of owner earnings — roughly 5.7 years of owner earnings to retire it all. Balance-Sheet Safety scores it 77/100.

Put together: Pricing Power is the strongest of the four filters (97/100) and Capital Discipline the weakest (29/100), which is how SUNB lands at 70/100 — a Narrow 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.

RevenueSales, as filed$2.5B FY2026

Gross marginRevenue kept after cost of goods171.0% FY2026

Return on invested capitalOperating profit on the capital employed10.7% FY2026

Owner earningsCash an owner could take out$1.3B FY2026

Gaps in a line mean that item isn’t in SUNB’s 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.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale70.3 / 100

Score history begins Jul 18, 2026 — the record builds from here and can’t be backfilled.

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

None yet — SUNB has read Narrow moat for every logged capture since Jul 18, 2026.

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

Technology context

#85 of 579 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#83SCDA B-Scada, Inc.70.7 out of 100, Narrow moatNarrow moat
#84PTC PTC Inc.70.5 out of 100, Narrow moatNarrow moat
#86CLS CELESTICA INC.70.1 out of 100, Narrow moatNarrow moat
#87OSIS OSI SYSTEMS, INC.69.4 out of 100, Narrow moatNarrow moat

Compare SUNB with its nearest peers →All Technology companies on the Index →

Common questions about SUNB

Does Sunbelt Rentals Holdings, Inc. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores Sunbelt Rentals Holdings, Inc. (SUNB) 70.3 out of 100 — a Narrow moat. The four filters behind that score (each 0–100): pricing power 97, returns on capital 67, balance-sheet safety 77, capital discipline 29.
Is SUNB stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $42.06 per share versus a recent price of $73.41 — 75% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has SUNB's Moat Score changed over time?: The record logs 1 reading since Jul 18, 2026; the latest reads 70.3 out of 100 (narrow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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