TRIPADVISOR, INC.

TRIP · Technology · $1.7B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power100

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

Returns on capital40

Median ROIC 9.4%, above the 9% hurdle in 60% of years.

Balance-sheet safety44

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

Capital discipline59

Owner earnings +0.5%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

346% above value

Owner earnings (normalized): $34.0M
Est. intrinsic value / share: $3.30
Recent price: $14.72
Discount to value: 346% above value

Conservative model: 9% discount rate, 0% 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 TRIP. See the disclaimer.