Does V2X, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores V2X, Inc. (VVX) 47.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 26, returns on capital 48, balance-sheet safety 48, capital discipline 80.

Is VVX stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $13.22 per share versus a recent price of $75.61 — 472% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has VVX's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 47.9 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

V2X, Inc.

VVX · Consumer Discretionary · $2.4B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power26

Median gross margin 9.0% over 10y, very stable.

Returns on capital48

Median ROIC 11.3%, above the 9% hurdle in 60% of years.

Balance-sheet safety48

Net debt/EBITDA 3.8x, no material interest expense disclosed.

Capital discipline80

Owner earnings +12.5%/yr, share count n/a.

Margin of safety

Above valueOn sale

472% above value

Owner earnings (normalized): $22.9M
Est. intrinsic value / share: $13.22
Recent price: $75.61
Discount to value: 472% above value

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

15 years of fundamentals

The business, in plain English

V2X, Inc. booked $4.5B of revenue in FY2025 in the Consumer Discretionary sector and kept 8.3% of it as gross profit — a thin-margin business by that measure. After every other cost, 1.7% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.2B (FY2016) to $4.5B (FY2025) — about 15.9% a year compounded over 9 years.

It earned 8.3% on invested capital in FY2025, with a median of 13.2% across 14 filed years. The Returns on Capital filter above scores it 48/100.

The balance sheet carried $1.1B of total debt in FY2025 against $66.0M of owner earnings — roughly 16.6 years of owner earnings to retire it all. Balance-Sheet Safety scores it 48/100.

The share count rose 197.3% between FY2013 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 80/100.

Put together: Capital Discipline is the strongest of the four filters (80/100) and Pricing Power the weakest (26/100), which is how VVX lands at 48/100 — 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$4.5B FY2025

Gross marginRevenue kept after cost of goods8.3% FY2025

Return on invested capitalOperating profit on the capital employed8.3% FY2025

Owner earningsCash an owner could take out$66.0M FY2025

Gaps in a line mean that item isn’t in VVX’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 scale47.9 / 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 — VVX 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.

Consumer Discretionary context

#164 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#162LAD Lithia Motors, Inc.48.0 out of 100, Shallow moatShallow moat
#163DAKT Daktronics, Inc.47.9 out of 100, Shallow moatShallow moat
#165DLTH DULUTH HOLDINGS INC.47.8 out of 100, Shallow moatShallow moat
#166EZPW EZCORP, INC.47.7 out of 100, Shallow moatShallow moat

Compare VVX with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about VVX

Does V2X, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores V2X, Inc. (VVX) 47.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 26, returns on capital 48, balance-sheet safety 48, capital discipline 80.
Is VVX stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $13.22 per share versus a recent price of $75.61 — 472% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has VVX's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 47.9 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows VVX’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/VVX"
  width="340" height="150" style="border:0"
  title="VVX Moat Score — The Moat Index"
  loading="lazy"></iframe>

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