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TRIPADVISOR, INC.

TRIP · Technology · $1.1B mkt cap · FY2025 filings · · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

75

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $902M to $1.9B, increasing; diluted EPS -1.08 to 0.31, increasing.

100

Median gross margin 93.2% over 4y, very stable.

33

Median ROIC 9.4%, above the 12% hurdle in 40% of years.

44

Net debt/EBITDA 0.8x, interest coverage 1x.

40

Owner earnings changed -11.4%/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
185% above value if growth stopped today
$34M
$3.30
$3.30
$9.39
185% above value if growth stopped today

What today’s price assumes: owner earnings growing ~23%/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 255% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 16, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

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 0% (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.

18 years of fundamentals

The business, in plain English

TRIPADVISOR, INC. booked $1.9B of revenue in FY2025 in the Technology sector and kept 92.3% of it as gross profit — a high-margin business by that measure. After every other cost, 2.1% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $352M (FY2009) to $1.9B (FY2025) — about 11.1% a year compounded over 16 years.

It earned 9.1% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 14.4%. Over the v3 recent window (10 measurable filed years), median ROIC was 9.4%. The Returns on Capital filter above scores it 33/100.

The balance sheet carried $1.2B of total debt in FY2025 against $50M of owner earnings — roughly 23.4 years of owner earnings to retire it all. Balance-Sheet Safety scores it 44/100.

Put together: Pricing Power is the strongest of the five filters (100/100) and Returns on Capital the weakest (33/100), which is how TRIP lands at 58/100 — 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.

FY2008–FY2025 · 18 fiscal years, normalized from TRIP’s SEC filings

Sales, as filed$1.9B FY2025
$0$1B$2B2008201420202025
Revenue kept after cost of goods92.3% FY2025
0%50%100%2008201420202025
Standard ROIC or separately labeled Operating ROICStandard ROIC 9.5% FY2025

Exact FY and FY-1 financing invested-capital inputs are required.

0%20%40%2008201420202025
Cash an owner could take out$50M FY2025
−$200M$0$200M2008201420202025

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the 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.

Flagship explainer

How TRIPADVISOR, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.9B · 100%Cost of revenue$145M · 8%Gross profit$1.7B · 92%Operating income$80M · 4%Income before tax$45M · 2%Income tax$5M · 0%Net income$40M · 2%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.9B100%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Cost of revenue$145M8%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
$1.7B92%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
$80M4%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Income before tax$45M2%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Income tax$5M0%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
$40M2%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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Flagship explainer

What TRIPADVISOR, INC. owns — and owes

TRIPADVISOR, INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$2.6B100%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Cash and equivalents$1.0B39%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
$1.2B45%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Stockholders’ equity$645M25%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set

Flagship explainer

What drives TRIPADVISOR, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity5%Tax burden89%net income ÷ pretax incomeInterest burden56%pretax ÷ operating incomeOperating margin4%operating income ÷ revenueAsset turnover0.73×revenue ÷ average assetsEquity multiplier3.27×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$40MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Income before tax$45MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Operating income$80MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
$1.9BFY2025
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Ending assets$2.6BFY2025
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Beginning assets$2.6BFY2024
  • 10-K · FY 2024Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
$645MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
$943MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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Flagship explainer

Where TRIPADVISOR, INC.'s cash went

TRIPADVISOR, INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$245M100%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Depreciation and amortization$92M38%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-051281 · filed Feb 13, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding TRIPADVISOR, INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

1 holding0 exited17 not holding18/19 resolved1 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Southeastern Asset Management2,258,466 shares$31M · 2% of eligible reported 13FTrimmed · -2,339,602 shares (−51%)
Abrams CapitalNo position reportedNo position reported
Akre CapitalNo position reportedNo position reported
Baupost GroupNo position reportedNo position reported
Berkshire HathawayNo position reportedNo position reported
Brave Warrior AdvisorsNo position reportedNo position reported
Dodge & CoxNo position reportedNo position reported
First EagleNo position reportedNo position reported
FundsmithNo position reportedNo position reported
Gardner Russo & QuinnNo position reportedNo position reported
Gates Foundation TrustNo position reportedNo position reported
Mairs & PowerNo position reportedNo position reported
Markel / Markel-GaynerNo position reportedNo position reported
Oakmark / Harris AssociatesNo position reportedNo position reported
Polen CapitalNo position reportedNo position reported
Sequoia / Ruane CunniffNo position reportedNo position reported
Tweedy, BrowneNo position reportedNo position reported
Yacktman Asset ManagementNo position reportedNo position reported
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source:
37 SEC filings
  1. 13F-HR · Q1 2026Filing detailsAccession 0000813917-26-000038 · filed May 15, 2026
  2. 13F-HR · Q2 2026Filing detailsAccession 0000813917-26-000042 · filed Aug 14, 2026
  3. 13F-HR · Q1 2026Filing detailsAccession 0000860643-26-000003 · filed May 13, 2026
  4. 13F-HR · Q2 2026Filing detailsAccession 0000860643-26-000005 · filed Aug 13, 2026
  5. 13F-HR · Q1 2026Filing detailsAccession 0000905567-26-000002 · filed May 1, 2026
  6. 13F-HR · Q2 2026Filing detailsAccession 0000905567-26-000003 · filed Aug 11, 2026
  7. 13F-HR · Q1 2026Filing detailsAccession 0000919574-26-003132 · filed May 15, 2026
  8. 13F-HR · Q2 2026Filing detailsAccession 0000919574-26-005176 · filed Aug 14, 2026
  9. 13F-HR · Q1 2026Filing detailsAccession 0001061768-26-000007 · filed May 14, 2026
  10. 13F-HR · Q2 2026Filing detailsAccession 0001061768-26-000010 · filed Aug 13, 2026
  11. 13F-HR · Q1 2026Filing detailsAccession 0001096343-26-000044 · filed May 1, 2026
  12. 13F-HR · Q2 2026Filing detailsAccession 0001096343-26-000065 · filed Jul 31, 2026
  13. 13F-HR · Q1 2026Filing detailsAccession 0001104659-26-062592 · filed May 15, 2026
  14. 13F-HR · Q2 2026Filing detailsAccession 0001104659-26-097175 · filed Aug 14, 2026
  15. 13F-HR · Q1 2026Filing detailsAccession 0001112520-26-000009 · filed May 14, 2026
  16. 13F-HR · Q2 2026Filing detailsAccession 0001112520-26-000014 · filed Aug 14, 2026
  17. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001819 · filed May 14, 2026
  18. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001911 · filed May 14, 2026
  19. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001966 · filed May 14, 2026
  20. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-002294 · filed May 15, 2026
  21. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003035 · filed Aug 4, 2026
  22. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003402 · filed Aug 13, 2026
  23. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003496 · filed Aug 14, 2026
  24. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003728 · filed Aug 14, 2026
  25. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-208439 · filed May 6, 2026
  26. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-223352 · filed May 14, 2026
  27. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-226661 · filed May 15, 2026
  28. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-340443 · filed Aug 7, 2026
  29. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-349535 · filed Aug 13, 2026
  30. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-352200 · filed Aug 14, 2026
  31. 13F-HR/A · Q1 2026 · Amendment RESTATEMENTFiling detailsAccession 0001325447-26-000018 · filed May 14, 2026
  32. 13F-HR · Q2 2026Filing detailsAccession 0001325447-26-000020 · filed Aug 5, 2026
  33. 13F-HR/A · Q2 2026 · Amendment NEW HOLDINGSFiling detailsAccession 0001325447-26-000033 · filed Aug 24, 2026
  34. 13F-HR · Q1 2026Filing detailsAccession 0001398344-26-009296 · filed May 15, 2026
  35. 13F-HR · Q2 2026Filing detailsAccession 0001398344-26-014641 · filed Aug 14, 2026
  36. 13F-HR · Q1 2026Filing detailsAccession 0001569205-26-000005 · filed May 15, 2026
  37. 13F-HR · Q2 2026Filing detailsAccession 0001569205-26-000012 · filed Aug 14, 2026
· event Jun 30, 2026 · retrieved Oct 16, 2026

Flagship explainer

What TRIPADVISOR, INC. insiders reported

Records still being gathered — partial as of retrieval Oct 16, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

29 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale58.4 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Oct 16, 2026

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

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-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 Oct 16, 2026.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (53 versus 1). 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.

InsiderShares owned afterDateFiling detail
Ambeskovic AlmirCEO, TheForkOpen-market or private sale (S)Table I · Disposed · Common Stock8,000$9.45$75,60030,456Sep 2, 2026
1 filed lot
  • Table I · Common Stock: 8,000 shares at $9.45 · code S · owned after 30,456 ·
Goldberg MattDirector, CEO and PresidentExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events27,209$10.97$298,483See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 8,324 shares at $10.97 · code M · owned after 270,698 · Paired event: 8,324 Restricted Stock Units → 8,324 Common Stock ·
  • Table I · Common Stock: 1,699 shares at $10.97 · code M · owned after 268,372 · Paired event: 1,699 Restricted Stock Units → 1,699 Common Stock ·
  • Table I · Common Stock: 17,186 shares at $10.97 · code M · owned after 284,736 · Paired event: 17,186 Restricted Stock Units → 17,186 Common Stock ·
Goldberg MattDirector, CEO and PresidentPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock13,157$10.97$144,332See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 4,025 shares at $10.97 · code F · owned after 266,673 ·
  • Table I · Common Stock: 822 shares at $10.97 · code F · owned after 267,550 ·
  • Table I · Common Stock: 8,310 shares at $10.97 · code F · owned after 276,426 ·
Goldberg MattDirector, CEO and PresidentExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events27,209—Exercise or conversion of derivative security (M)—See lot detailAug 14, 2026
3 filed lots
  • Table II · Restricted Stock Units: 8,324 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 49,945 · Paired event: 8,324 Restricted Stock Units → 8,324 Common Stock ·
  • Table II · Restricted Stock Units: 1,699 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 13,587 · Paired event: 1,699 Restricted Stock Units → 1,699 Common Stock ·
  • Table II · Restricted Stock Units: 17,186 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 171,866 · Paired event: 17,186 Restricted Stock Units → 17,186 Common Stock ·
Noonan MichaelCFO & SVPExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events15,309$10.97$167,940See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 4,215 shares at $10.97 · code M · owned after 143,525 · Paired event: 4,215 Restricted Stock Units → 4,215 Common Stock ·
  • Table I · Common Stock: 3,758 shares at $10.97 · code M · owned after 145,245 · Paired event: 3,758 Restricted Stock Units → 3,758 Common Stock ·
  • Table I · Common Stock: 7,336 shares at $10.97 · code M · owned after 150,764 · Paired event: 7,336 Restricted Stock Units → 7,336 Common Stock ·
Noonan MichaelCFO & SVPPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock7,402$10.97$81,200See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 2,038 shares at $10.97 · code F · owned after 141,487 ·
  • Table I · Common Stock: 1,817 shares at $10.97 · code F · owned after 143,428 ·
  • Table I · Common Stock: 3,547 shares at $10.97 · code F · owned after 147,217 ·
Noonan MichaelCFO & SVPExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events15,309—Exercise or conversion of derivative security (M)—See lot detailAug 14, 2026
3 filed lots
  • Table II · Restricted Stock Units: 4,215 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 8,432 · Paired event: 4,215 Restricted Stock Units → 4,215 Common Stock ·
  • Table II · Restricted Stock Units: 3,758 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 22,545 · Paired event: 3,758 Restricted Stock Units → 3,758 Common Stock ·
  • Table II · Restricted Stock Units: 7,336 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 73,357 · Paired event: 7,336 Restricted Stock Units → 7,336 Common Stock ·
Ambeskovic AlmirCEO, TheForkExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events9,260$13.46$124,640See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 2,810 shares at $13.46 · code M · owned after 37,206 · Paired event: 2,810 Restricted Stock Units → 2,810 Common Stock ·
  • Table I · Common Stock: 1,734 shares at $13.46 · code M · owned after 37,362 · Paired event: 1,734 Restricted Stock Units → 1,734 Common Stock ·
  • Table I · Common Stock: 4,716 shares at $13.46 · code M · owned after 41,103 · Paired event: 4,716 Restricted Stock Units → 4,716 Common Stock ·
Ambeskovic AlmirCEO, TheForkPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock5,200$10.31$53,612See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 1,578 shares at $10.31 · code F · owned after 35,628 ·
  • Table I · Common Stock: 975 shares at $10.31 · code F · owned after 36,387 ·
  • Table I · Common Stock: 2,647 shares at $10.31 · code F · owned after 38,456 ·
Ambeskovic AlmirCEO, TheForkExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events9,260—Exercise or conversion of derivative security (M)—See lot detailAug 14, 2026
3 filed lots
  • Table II · Restricted Stock Units: 2,810 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 5,621 · Paired event: 2,810 Restricted Stock Units → 2,810 Common Stock ·
  • Table II · Restricted Stock Units: 1,734 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 10,406 · Paired event: 1,734 Restricted Stock Units → 1,734 Common Stock ·
  • Table II · Restricted Stock Units: 4,716 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 47,158 · Paired event: 4,716 Restricted Stock Units → 4,716 Common Stock ·
Gouvalaris GeoffreyChief Accounting OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events4,438$10.97$48,685See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 1,370 shares at $10.97 · code M · owned after 106,754 · Paired event: 1,370 Restricted Stock Units → 1,370 Common Stock ·
  • Table I · Common Stock: 867 shares at $10.97 · code M · owned after 107,218 · Paired event: 867 Restricted Stock Units → 867 Common Stock ·
  • Table I · Common Stock: 2,201 shares at $10.97 · code M · owned after 109,164 · Paired event: 2,201 Restricted Stock Units → 2,201 Common Stock ·
Gouvalaris GeoffreyChief Accounting OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock1,304$10.97$14,305See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 403 shares at $10.97 · code F · owned after 106,351 ·
  • Table I · Common Stock: 255 shares at $10.97 · code F · owned after 106,963 ·
  • Table I · Common Stock: 646 shares at $10.97 · code F · owned after 108,518 ·
Gouvalaris GeoffreyChief Accounting OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events4,438—Exercise or conversion of derivative security (M)—See lot detailAug 14, 2026
3 filed lots
  • Table II · Restricted Stock Units: 1,370 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 2,741 · Paired event: 1,370 Restricted Stock Units → 1,370 Common Stock ·
  • Table II · Restricted Stock Units: 867 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 5,203 · Paired event: 867 Restricted Stock Units → 867 Common Stock ·
  • Table II · Restricted Stock Units: 2,201 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 22,008 · Paired event: 2,201 Restricted Stock Units → 2,201 Common Stock ·
Dalton Kristen AnnChief Strategy & Ops OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events9,892$10.97$108,515See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 2,810 shares at $10.97 · code M · owned after 121,299 · Paired event: 2,810 Restricted Stock Units → 2,810 Common Stock ·
  • Table I · Common Stock: 2,890 shares at $10.97 · code M · owned after 123,251 · Paired event: 2,890 Restricted Stock Units → 2,890 Common Stock ·
  • Table I · Common Stock: 4,192 shares at $10.97 · code M · owned after 126,479 · Paired event: 4,192 Restricted Stock Units → 4,192 Common Stock ·
Dalton Kristen AnnChief Strategy & Ops OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock3,301$10.97$36,212See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 938 shares at $10.97 · code F · owned after 120,361 ·
  • Table I · Common Stock: 964 shares at $10.97 · code F · owned after 122,287 ·
  • Table I · Common Stock: 1,399 shares at $10.97 · code F · owned after 125,080 ·
Dalton Kristen AnnChief Strategy & Ops OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events9,892—Exercise or conversion of derivative security (M)—See lot detailAug 14, 2026
3 filed lots
  • Table II · Restricted Stock Units: 2,810 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 5,621 · Paired event: 2,810 Restricted Stock Units → 2,810 Common Stock ·
  • Table II · Restricted Stock Units: 2,890 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 17,342 · Paired event: 2,890 Restricted Stock Units → 2,890 Common Stock ·
  • Table II · Restricted Stock Units: 4,192 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 41,919 · Paired event: 4,192 Restricted Stock Units → 4,192 Common Stock ·
Rijvers Christiaan-PepijnChief Business OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event872$14.19$12,37412,860Jul 31, 2026
1 filed lot
  • Table I · Common Stock: 872 shares at $14.19 · code M · owned after 12,860 · Paired event: 872 Restricted Stock Units → 872 Common Stock ·
Rijvers Christiaan-PepijnChief Business OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event872—Exercise or conversion of derivative security (M)—7,847Jul 31, 2026
1 filed lot
  • Table II · Restricted Stock Units: 872 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 7,847 · Paired event: 872 Restricted Stock Units → 872 Common Stock ·
Noonan MichaelCFO & SVPExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event2,425$14.19$34,411140,483Jul 31, 2026
1 filed lot
  • Table I · Common Stock: 2,425 shares at $14.19 · code M · owned after 140,483 · Paired event: 2,425 Restricted Stock Units → 2,425 Common Stock ·
Noonan MichaelCFO & SVPPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock1,173$14.19$16,645139,310Jul 31, 2026
1 filed lot
  • Table I · Common Stock: 1,173 shares at $14.19 · code F · owned after 139,310 ·
Noonan MichaelCFO & SVPExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event2,425—Exercise or conversion of derivative security (M)—2,426Jul 31, 2026
1 filed lot
  • Table II · Restricted Stock Units: 2,425 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 2,426 · Paired event: 2,425 Restricted Stock Units → 2,425 Common Stock ·
Dalton Kristen AnnChief Strategy & Ops OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event1,306$14.19$18,532118,925Jul 31, 2026
1 filed lot
  • Table I · Common Stock: 1,306 shares at $14.19 · code M · owned after 118,925 · Paired event: 1,306 Restricted Stock Units → 1,306 Common Stock ·
Dalton Kristen AnnChief Strategy & Ops OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock436$14.19$6,187118,489Jul 31, 2026
1 filed lot
  • Table I · Common Stock: 436 shares at $14.19 · code F · owned after 118,489 ·
Dalton Kristen AnnChief Strategy & Ops OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event1,306—Exercise or conversion of derivative security (M)—1,307Jul 31, 2026
1 filed lot
  • Table II · Restricted Stock Units: 1,306 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,307 · Paired event: 1,306 Restricted Stock Units → 1,306 Common Stock ·

Source-event as of . Retrieved .

Track record

How TRIPADVISOR, INC.’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 scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

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 TRIP on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100200Indexed price · log scale (2012 = 100)201120142017202020232026

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 5 years TRIP rated Wide-moat (2012, 2013, 2014, 2015 and 2016), the median forward total return that followed — measured only after each year’s filings were public — was:

  • 1 year −7% vs the S&P 500’s 12% (price basis) · median over 5 years
  • 3 years −35% vs the S&P 500’s 31% (price basis) · median over 5 years
  • 5 years −33% vs the S&P 500’s 84% (price basis) · median over 5 years

These are medians computed from the data, not a claim about any one year. The company figures are total returns (dividends reinvested); the S&P 500 is the price-only ^GSPC index, which excludes dividends and so understates the index — the gap flatters the company. A quality rating is not a return forecast, and past returns don’t predict future ones. Educational only, not investment advice.

Technology context

#211 of 752 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #209PRKR PARKERVISION, INC.58.5Shallow moat
  2. #210NTWK NETSOL TECHNOLOGIES, INC.58.5Shallow moat
  3. #212IBM INTERNATIONAL BUSINESS MACHINES CORP58.0Shallow moat
  4. #213NTCT NETSCOUT SYSTEMS INC57.8Shallow moat

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

Common questions about TRIP

Does TRIPADVISOR, INC. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores TRIPADVISOR, INC. (TRIP) 58.4 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 75, pricing power 100, returns on capital 33, balance-sheet safety 44, capital allocation 40.
Is TRIP trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $3.30 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $9.39, that is 185% 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 TRIP's Moat Score changed over time?
The record logs 29 readings since Jul 17, 2026; the latest reads 58.4 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.

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