STANDEX INTERNATIONAL CORP/DE/
SXI · Industrials · $3.6B mkt cap · FY2025 filings · · not refreshed in 35 days · Shallow moat ·
Doesn't clear the bar
The five investor questions
80
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $656M to $790M, increasing; diluted EPS 2.97 to 4.64, increasing.
61
Median gross margin 36.7% over 10y, very stable.
31
Median ROIC 9.8%, above the 12% hurdle in 30% of years.
12
Net debt/EBITDA 3.5x, interest coverage 4x.
56
Owner earnings changed +2.1%/yr over up to the ten most recent annual observations.
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
- $67.2M
- $62.26
- $100.86
- $303.65
- 388% above value if growth stopped today
What today’s price assumes: owner earnings growing ~37%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).
How to read this
We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.
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 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.
Score records captured Jul 26, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY
Missing a usable price or zero-growth estimate: ANF, BKNG.
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 4% (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.
17 years of fundamentals
The business, in plain English
STANDEX INTERNATIONAL CORP/DE/ booked $790M of revenue in FY2025 in the Industrials sector and kept 39.9% of it as gross profit — a solid-margin business by that measure. After every other cost, 7.1% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $527M (FY2010) to $790M (FY2025) — about 2.7% a year compounded over 15 years.
It earned 6.8% on invested capital in the latest filed year, FY2025. Across the full 16-year measurable filed record, median ROIC was 13.4%. Over the v3 recent window (10 measurable filed years), median ROIC was 9.8%. The Returns on Capital filter above scores it 31/100.
The balance sheet carried $553M of total debt in FY2025 against $62.9M of owner earnings — roughly 8.8 years of owner earnings to retire it all. Balance-Sheet Safety scores it 12/100.
Put together: Business Trend is the strongest of the five filters (80/100) and Balance-Sheet Safety the weakest (12/100), which is how SXI lands at 48/100 — a Shallow 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.
Gaps in a line mean that item isn’t in SXI’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.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 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 Aug 30, 2026.
Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (93 versus 2). The filing codes alone do not establish that every such row arose from a compensation plan.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
| Insider | Shares owned after | Date | Filing detail | ||||
|---|---|---|---|---|---|---|---|
| GLASS ALAN JVice President | Open-market or private sale (S)Table I · Disposed · Common Stock | 1,391 | $303.185 | $421,730 | 22,722.945 | Aug 24, 2026 | 1 filed lot
|
| Sarcevic AdemirVice President/CFO/Treasurer | Open-market or private sale (S)Table I · Disposed · Common Stock | 2,300 | $306.126 | $704,090 | 7,486 | Aug 24, 2026 | 1 filed lot
|
| GLASS ALAN JCLO, VP & Secretary | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 524 | Not disclosed | Not disclosed | 524 | Aug 23, 2026 | 1 filed lot
|
| Slaughter Richard ColbyCLO, VP and Secretary | Grant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units | 1,049 | Not disclosed | Not disclosed | 1,049 | Aug 23, 2026 | 1 filed lot
|
| Slaughter Richard ColbyCLO, VP and Secretary | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 1,049 | Not disclosed | Not disclosed | 1,049 | Aug 23, 2026 | 1 filed lot
|
| Slaughter Richard ColbyCLO, VP and Secretary | Grant, award, or other acquisition (A)Table II · Acquired · Stock Option | 5,734 | Not disclosed | Not disclosed | 5,734 | Aug 23, 2026 | 1 filed lot
|
| Rangel DanielleVP & Chief Accounting Officer | Grant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units | 146 | Not disclosed | Not disclosed | 146 | Aug 23, 2026 | 1 filed lot
|
| Rangel DanielleVP & Chief Accounting Officer | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 146 | Not disclosed | Not disclosed | 146 | Aug 23, 2026 | 1 filed lot
|
| Arets MaxVP; Chief Information Officer | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 554 | Not disclosed | Not disclosed | See lot detail | Aug 23, 2026 | 2 filed lots
|
| Arets MaxVP; Chief Information Officer | Grant, award, or other acquisition (A)Table II · Acquired · Stock Option | 2,090 | Not disclosed | Not disclosed | 2,090 | Aug 23, 2026 | 1 filed lot
|
| Arets MaxVP; Chief Information Officer | Grant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units | 382 | Not disclosed | Not disclosed | 382 | Aug 23, 2026 | 1 filed lot
|
| Dunbar David A.Director, President/CEO/Chairman | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 9,441 | Not disclosed | Not disclosed | See lot detail | Aug 23, 2026 | 2 filed lots
|
| Dunbar David A.Director, President/CEO/Chairman | Grant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units | 4,770 | Not disclosed | Not disclosed | 4,770 | Aug 23, 2026 | 1 filed lot
|
| Dunbar David A.Director, President/CEO/Chairman | Grant, award, or other acquisition (A)Table II · Acquired · Stock Option | 32,600 | Not disclosed | Not disclosed | 32,600 | Aug 23, 2026 | 1 filed lot
|
| Sarcevic AdemirVice President/CFO/Treasurer | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 1,933 | Not disclosed | Not disclosed | 1,933 | Aug 23, 2026 | 1 filed lot
|
| Sarcevic AdemirVice President/CFO/Treasurer | Grant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units | 1,933 | Not disclosed | Not disclosed | 1,933 | Aug 23, 2026 | 1 filed lot
|
| Sarcevic AdemirVice President/CFO/Treasurer | Grant, award, or other acquisition (A)Table II · Acquired · Stock Option | 10,571 | Not disclosed | Not disclosed | 10,571 | Aug 23, 2026 | 1 filed lot
|
| Kshirsagar VineetChief Strategy Officer | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 621 | Not disclosed | Not disclosed | See lot detail | Aug 23, 2026 | 2 filed lots
|
| Kshirsagar VineetChief Strategy Officer | Grant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units | 401 | Not disclosed | Not disclosed | 401 | Aug 23, 2026 | 1 filed lot
|
| Kshirsagar VineetChief Strategy Officer | Grant, award, or other acquisition (A)Table II · Acquired · Stock Option | 2,195 | Not disclosed | Not disclosed | 2,195 | Aug 23, 2026 | 1 filed lot
|
| Newbury MichelleChief HR Officer & VP | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 360 | Not disclosed | Not disclosed | 360 | Aug 23, 2026 | 1 filed lot
|
| Newbury MichelleChief HR Officer & VP | Grant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units | 360 | Not disclosed | Not disclosed | 360 | Aug 23, 2026 | 1 filed lot
|
| Newbury MichelleChief HR Officer & VP | Grant, award, or other acquisition (A)Table II · Acquired · Stock Option | 1,969 | Not disclosed | Not disclosed | 1,969 | Aug 23, 2026 | 1 filed lot
|
| CANNON CHARLES H JRDirector | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 286 | Not disclosed | Not disclosed | 286 | Aug 23, 2026 | 1 filed lot
|
| Edwards Barbara JoanneDirector | Grant, award, or other acquisition (A)Table II · Acquired · Phantom Stock Units | 143 | Not disclosed | Not disclosed | 143 | Aug 23, 2026 | 1 filed lot
|
| GLASS ALAN JCLO, VP & Secretary | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 4 paired events | 2,512 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 4 filed lots
|
| GLASS ALAN JCLO, VP & Secretary | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 1,121 | $310.28 | $347,824 | See lot detail | Aug 21, 2026 | 4 filed lots
|
| GLASS ALAN JCLO, VP & Secretary | Disposition to the issuer (D)Table II · Disposed · Phantom Stock Units | 407 | Not disclosed | Not disclosed | 0 | Aug 21, 2026 | 1 filed lot
|
| GLASS ALAN JCLO, VP & Secretary | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 2 paired events | 737 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| GLASS ALAN JCLO, VP & Secretary | Exercise or conversion of derivative security (M)Table II · Disposed · Phantom Stock Units · 2 paired events | 1,775 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Rangel DanielleVP & Chief Accounting Officer | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events | 193 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 3 filed lots
|
| Rangel DanielleVP & Chief Accounting Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 68 | $310.28 | $21,099 | See lot detail | Aug 21, 2026 | 4 filed lots
|
| Rangel DanielleVP & Chief Accounting Officer | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 2 paired events | 108 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Rangel DanielleVP & Chief Accounting Officer | Exercise or conversion of derivative security (M)Table II · Disposed · Phantom Stock Units · 1 paired event | 85 | Not disclosed | Not disclosed | 40 | Aug 21, 2026 | 1 filed lot
|
| Rangel DanielleVP & Chief Accounting Officer | Disposition to the issuer (D)Table II · Disposed · Phantom Stock Units | 40 | Not disclosed | Not disclosed | 0 | Aug 21, 2026 | 1 filed lot
|
| Arets MaxVP; Chief Information Officer | Grant, award, or other acquisition (A)Table I · Acquired · Common Stock | 1.472 | $308.1661 | $454 | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Arets MaxVP; Chief Information Officer | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 2 paired events | 344 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Arets MaxVP; Chief Information Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 84 | $310.28 | $26,064 | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Arets MaxVP; Chief Information Officer | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 2 paired events | 344 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Dunbar David A.Director, President/CEO/Chairman | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 4 paired events | 16,025 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 4 filed lots
|
| Dunbar David A.Director, President/CEO/Chairman | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 6,149 | $310.28 | $1,907,912 | See lot detail | Aug 21, 2026 | 4 filed lots
|
| Dunbar David A.Director, President/CEO/Chairman | Disposition to the issuer (D)Table II · Disposed · Phantom Stock Units | 3,393 | Not disclosed | Not disclosed | 0 | Aug 21, 2026 | 1 filed lot
|
| Dunbar David A.Director, President/CEO/Chairman | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 2 paired events | 4,376 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Dunbar David A.Director, President/CEO/Chairman | Exercise or conversion of derivative security (M)Table II · Disposed · Phantom Stock Units · 2 paired events | 11,649 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Sarcevic AdemirVice President/CFO/Treasurer | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 4 paired events | 4,077 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 4 filed lots
|
| Sarcevic AdemirVice President/CFO/Treasurer | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 1,919 | $310.28 | $595,427 | See lot detail | Aug 21, 2026 | 5 filed lots
|
| Sarcevic AdemirVice President/CFO/Treasurer | Exercise or conversion of derivative security (M)Table II · Disposed · Phantom Stock Units · 2 paired events | 2,295 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Sarcevic AdemirVice President/CFO/Treasurer | Disposition to the issuer (D)Table II · Disposed · Phantom Stock Units | 798 | Not disclosed | Not disclosed | 0 | Aug 21, 2026 | 1 filed lot
|
| Sarcevic AdemirVice President/CFO/Treasurer | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 2 paired events | 1,782 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Kshirsagar VineetChief Strategy Officer | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events | 545 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 3 filed lots
|
| Kshirsagar VineetChief Strategy Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 189 | $310.28 | $58,643 | See lot detail | Aug 21, 2026 | 4 filed lots
|
| Kshirsagar VineetChief Strategy Officer | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 2 paired events | 306 | Not disclosed | Not disclosed | See lot detail | Aug 21, 2026 | 2 filed lots
|
| Kshirsagar VineetChief Strategy Officer | Exercise or conversion of derivative security (M)Table II · Disposed · Phantom Stock Units · 1 paired event | 239 | Not disclosed | Not disclosed | 113 | Aug 21, 2026 | 1 filed lot
|
| Kshirsagar VineetChief Strategy Officer | Disposition to the issuer (D)Table II · Disposed · Phantom Stock Units | 113 | Not disclosed | Not disclosed | 0 | Aug 21, 2026 | 1 filed lot
|
| Newbury MichelleChief HR Officer & VP | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock | 126 | Not disclosed | Not disclosed | 756 | Aug 21, 2026 | 1 filed lot
|
| Newbury MichelleChief HR Officer & VP | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 36 | $310.28 | $11,170 | 720 | Aug 21, 2026 | 1 filed lot
|
Source-event as of . Retrieved .
Track record
How STANDEX INTERNATIONAL CORP/DE/’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year
How to read this: each dot is what the engine would have scored SXI on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, SXI did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Industrials context
#188 of 446 scored Industrials companies, ranked by Moat Score.
Nearest peers by Moat Score
- #186ROCK GIBRALTAR INDUSTRIES, INC.48.0 out of 100, Shallow moatShallow moat
- #187SNX TD SYNNEX CORPORATION47.9 out of 100, Shallow moatShallow moat
- #189SWBI Smith & Wesson Brands, Inc.47.8 out of 100, Shallow moatShallow moat
- #190LUV SOUTHWEST AIRLINES CO.47.5 out of 100, Shallow moatShallow moat
Compare SXI with its nearest peers →All Industrials companies on the Index →
Common questions about SXI
- Does STANDEX INTERNATIONAL CORP/DE/ have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores STANDEX INTERNATIONAL CORP/DE/ (SXI) 47.8 out of 100 — a Shallow 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 80, pricing power 61, returns on capital 31, balance-sheet safety 12, capital allocation 56.
- Is SXI trading below the conservative owner-earnings estimate?
- The value if growth stopped today — a zero-growth baseline — is $62.26 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $303.65, that is 388% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has SXI's Moat Score changed over time?
- The record logs 16 readings since Jul 17, 2026; the latest reads 47.8 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.