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The Moat Index

Take-Two Interactive Software, Inc.

TTWO · Technology · $43.9B mkt cap · FY2026 filings · Shallow moat ·

Doesn't clear the bar

51/ 100
Shallow moat

The four filters

Pricing power74

Median gross margin 50.0% over 10y, stable.

Returns on capital79

Median ROIC 18.5%, above the 9% hurdle in 60% of years.

Balance-sheet safety0

Net debt/EBITDA 10.4x, interest coverage -1x.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
—
Est. intrinsic value / share
—
Recent price
$236.67
Discount to value
No price data

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

20 years of fundamentals

The business, in plain English

Take-Two Interactive Software, Inc. booked $6.7B of revenue in FY2026 in the Technology sector and kept 57.2% of it as gross profit — a high-margin business by that measure. After every other cost, −4.5% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.2B (FY2008) to $6.7B (FY2026) — about 9.8% a year compounded over 18 years.

It earned −1.8% on invested capital in FY2026, with a median of 9.6% across 16 filed years. The Returns on Capital filter above scores it 79/100.

The balance sheet carried $2.5B of total debt in FY2026. Balance-Sheet Safety scores it 0/100.

The share count rose 126.3% between FY2009 and FY2026 — existing owners have been diluted over the record. Capital Discipline scores it 24/100.

Put together: Returns on Capital is the strongest of the four filters (79/100) and Balance-Sheet Safety the weakest (0/100), which is how TTWO lands at 51/100 — 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.

FY2007–FY2026 · 20 fiscal years, normalized from TTWO’s SEC filings

RevenueSales, as filed$6.7B FY2026
$0$2.5B$5B2007201420212026
Gross marginRevenue kept after cost of goods57.2% FY2026
0%25%50%2007201420212026
Return on invested capitalOperating profit on the capital employed−1.8% FY2026
0%100%2007201420212026
Owner earningsCash an owner could take out−$262.5M FY2026
−$4B−$2B$02007201420212026

Gaps in a line mean that item isn’t in TTWO’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

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

Moat Score over timeLast scored reading of each day, on the 0–100 scale50.7 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026

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 — TTWO 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

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

Nearest peers by Moat Score

  1. #187YEXT YEXT, INC.51.2Shallow moat
  2. #188APG APi Group Corporation51.1Shallow moat
  3. #190NTWK NETSOL TECHNOLOGIES, INC.50.5Shallow moat
  4. #191TRU TransUnion50.3Shallow moat

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

Common questions about TTWO

Does Take-Two Interactive Software, Inc. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores Take-Two Interactive Software, Inc. (TTWO) 50.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 74, returns on capital 79, balance-sheet safety 0, capital discipline 24.
How has TTWO's Moat Score changed over time?
The record logs 3 readings since Jul 17, 2026; the latest reads 50.7 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 TTWO. See the disclaimer.

Take-Two Interactive Software, Inc. (TTWO) Moat Score — The Moat Index · Buy Like Buffett