Does TransUnion have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores TransUnion (TRU) 50.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 10, balance-sheet safety 18, capital discipline 69.

Is TRU 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 $29.24 per share versus a recent price of $79.85 — 173% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has TRU's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 50.3 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

TransUnion

TRU · Technology · $15.4B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power100

Median gross margin 66.0% over 4y, very stable.

Returns on capital10

Median ROIC 6.5%, above the 9% hurdle in 10% of years.

Balance-sheet safety18

Net debt/EBITDA 3.0x, interest coverage 4x.

Capital discipline69

Owner earnings +11.6%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

173% above value

Owner earnings (normalized): $506.4M
Est. intrinsic value / share: $29.24
Recent price: $79.85
Discount to value: 173% above value

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

14 years of fundamentals

The business, in plain English

Across the filed record, revenue grew from $1.7B (FY2016) to $4.6B (FY2025) — about 11.6% a year compounded over 9 years.

It earned 7.2% on invested capital in FY2025, with a median of 5.7% across 13 filed years. The Returns on Capital filter above scores it 10/100.

The balance sheet carried $5.1B of total debt in FY2025 against $704.2M of owner earnings — roughly 7.2 years of owner earnings to retire it all. Balance-Sheet Safety scores it 18/100.

The share count rose 74.8% between FY2012 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 69/100.

Put together: Pricing Power is the strongest of the four filters (100/100) and Returns on Capital the weakest (10/100), which is how TRU lands at 50/100 — 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.

RevenueSales, as filed$4.6B FY2025

Gross marginRevenue kept after cost of goods64.5% FY2019

Return on invested capitalOperating profit on the capital employed7.2% FY2025

Owner earningsCash an owner could take out$704.2M FY2025

Gaps in a line mean that item isn’t in TRU’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 scale50.3 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

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

None yet — TRU has read Shallow moat for every logged capture since Jul 17, 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

#191 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#189TTWO Take-Two Interactive Software, Inc.50.7 out of 100, Shallow moatShallow moat
#190NTWK NETSOL TECHNOLOGIES, INC.50.5 out of 100, Shallow moatShallow moat
#192LAW CS Disco, Inc.49.8 out of 100, Shallow moatShallow moat
#193GTLB GITLAB INC.49.8 out of 100, Shallow moatShallow moat

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

Common questions about TRU

Does TransUnion have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores TransUnion (TRU) 50.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 10, balance-sheet safety 18, capital discipline 69.
Is TRU 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 $29.24 per share versus a recent price of $79.85 — 173% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has TRU's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 50.3 out of 100 (shallow 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 TRU. See the disclaimer.