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Zone Frontier Inc

ZONE · Materials · $48.3M mkt cap · FY2026 filings · · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

—

Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend.

68

Median gross margin 47.6% over 3y, stable.

0

Median ROIC -127.0%, above the 12% hurdle in 0% of years.

55

Net cash position — no leverage risk.

24

Owner earnings changed trend unclear over up to the ten most recent annual observations.

The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$0.10
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.

Among the current top-score group, the median current price is 254% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 20, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

5 years of fundamentals

The business, in plain English

Zone Frontier Inc booked $3.4M of revenue in FY2026 in the Materials sector and kept 37.8% of it as gross profit — a solid-margin business by that measure. After every other cost, −5112.7% of each revenue dollar reached the bottom line.

It earned −127.0% on invested capital in the latest filed year, FY2026. Across the full 3-year measurable filed record, median ROIC was −127.0%. Over the v3 recent window (3 measurable filed years), median ROIC was −127.0%. The Returns on Capital filter above scores it 0/100.

ZONE's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

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.

FY2022–FY2026 · 5 fiscal years, normalized from ZONE’s SEC filings

Sales, as filed$3.4M FY2026
$0$2M202220242026
Revenue kept after cost of goods37.8% FY2026
0%20%40%202220242026
Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.

Exact FY and FY-1 financing invested-capital inputs are required.

Cash an owner could take out−$174M FY2026
−$100M$0202220242026

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the 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.

Flagship explainer

How Zone Frontier Inc makes its money

Zone Frontier Inc's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$3.4M100%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Cost of revenue$2.1M62%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
$1.3M38%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
−$58M−1702%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
−$174M−5113%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

What Zone Frontier Inc owns — and owes

Zone Frontier Inc's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$52.5M100%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Cash and equivalents$15.4M29%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Stockholders’ equity$51.5M98%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

What drives Zone Frontier Inc’s return on equity?

One or more filed inputs needed for the five-factor decomposition are unavailable.

DuPont source inputs
InputValueFiscal yearSource
Net income−$174MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Income before taxUnavailableFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Operating income−$58MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Revenue$3.4MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Ending assets$52.5MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Beginning assets$8.5MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-25-079975 · filed Aug 22, 2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Ending equity$51.5MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Beginning equity$1.5MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-25-079975 · filed Aug 22, 2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Source: · event Jun 30, 2026 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

Where Zone Frontier Inc's cash went

Zone Frontier Inc’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations−$18.2M−100%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Depreciation and amortization$2658851%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104157 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Oct 20, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Zone Frontier Inc

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 20, 2026

Flagship explainer

What Zone Frontier Inc insiders reported

We could not retrieve insider activity for this rendering; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

28 logged readings since Jul 18, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale36.9 / 100
0406080100WideNarrowShallowNo moatJul 20, 2026Oct 20, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

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

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for ZONE.

Track record

How Zone Frontier Inc’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2024–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored ZONE on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score50100Indexed price · log scale (2025 = 100)202420252026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, ZONE did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Materials context

#173 of 310 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #171TDAY USA TODAY CO., INC.37.0No moat
  2. #172CPSH CPS TECHNOLOGIES CORP.36.9No moat
  3. #174LEU CENTRUS ENERGY CORP36.8No moat
  4. #175JHIUF JAMES HARDIE INDUSTRIES plc36.8No moat

Compare ZONE with its nearest peers →All Materials companies on the Index →

Common questions about ZONE

Does Zone Frontier Inc have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores Zone Frontier Inc (ZONE) 36.9 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend not measurable from the filings, pricing power 68, returns on capital 0, balance-sheet safety 55, capital allocation 24.
How has ZONE's Moat Score changed over time?
The record logs 28 readings since Jul 18, 2026; the latest reads 36.9 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

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