Does Townsquare Media, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Townsquare Media, Inc. (TSQ) 25.3 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 48, returns on capital 7, balance-sheet safety 0, capital discipline 44.

How has TSQ's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 25.3 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Townsquare Media, Inc.

TSQ · Communications · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power48

Median gross margin 27.5% over 3y, very stable.

Returns on capital7

Median ROIC 4.8%, above the 9% hurdle in 20% of years.

Balance-sheet safety0

Net debt/EBITDA 6.8x, interest coverage 1x.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $6.61
Discount to value: No price data

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

Fundamentals

There's no normalized fundamentals series for TSQ yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale25.3 / 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 — TSQ has read No 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.

Communications context

#44 of 56 scored Communications companies, ranked by Moat Score.

Nearest peers by Moat Score

#42AREN THE ARENA GROUP HOLDINGS, INC.26.1 out of 100, No moatNo moat
#43ATEX Anterix Inc.25.9 out of 100, No moatNo moat
#45HMMR HAMMER TECHNOLOGY HOLDINGS CORP.23.6 out of 100, No moatNo moat
#46WYTC WYTEC INTERNATIONAL, INC.23.2 out of 100, No moatNo moat

Compare TSQ with its nearest peers →All Communications companies on the Index →

Common questions about TSQ

Does Townsquare Media, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Townsquare Media, Inc. (TSQ) 25.3 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 48, returns on capital 7, balance-sheet safety 0, capital discipline 44.
How has TSQ's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 25.3 out of 100 (no 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 TSQ. See the disclaimer.