ReposiTrak, Inc.

TRAK · Technology · $161.1M mkt cap · FY2025 filings · Wide moat

On the watchlist

Wide moat

The four filters

Pricing power92

Median gross margin 72.2% over 10y, stable.

Returns on capital53

Median ROIC 10.9%, above the 9% hurdle in 80% of years.

Balance-sheet safety99

Net debt/EBITDA 0.1x, interest coverage 128x.

Capital discipline90

Owner earnings +25.1%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

37% above value

Owner earnings (normalized): $6.5M
Est. intrinsic value / share: $6.44
Recent price: $8.81
Discount to value: 37% 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 TRAK. See the disclaimer.