SITIME Corp
SITM · Technology · $14.6B mkt cap · FY2025 filings · Shallow moat ·
Doesn't clear the bar
The five investor questions
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $219M to $327M, increasing; diluted EPS 1.53 to -1.72, decreasing.
Median gross margin 52.6% over 8y, stable.
Median ROIC -5.4%, above the 12% hurdle in 13% of years.
Net cash position — no leverage risk.
Owner earnings trend unclear, share count growing (dilution).
Price vs. conservative owner-earnings floor
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- Owner earnings (normalized)
- Not reported
- Owner-earnings floor / share
- Unavailable — insufficient owner-earnings data
- Capped-growth comparison / share
- Unavailable — insufficient growth-model data
- Recent price
- $554.46
- Price vs. owner-earnings floor
- No price data
This floor assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Cohort context: median current price is 239% above the floor across 48 of the current top 50 companies by Moat Score with both values.
Score records captured Jul 26, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY
Missing a usable price or floor: ANF, BKNG.
Model details under moat-index@3.0.0: zero-growth floor 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.
9 years of fundamentals
The business, in plain English
SITIME Corp booked $327M of revenue in FY2025 in the Technology sector and kept 53.6% of it as gross profit — a solid-margin business by that measure. After every other cost, −13.1% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $85.2M (FY2018) to $327M (FY2025) — about 21.2% a year compounded over 7 years.
It earned −4.6% on invested capital in the latest filed year, FY2025. Across the full 8-year measurable filed record, median ROIC was −5.4%. Over the v3 recent window (8 measurable filed years), median ROIC was −5.4%. The Returns on Capital filter above scores it 4/100.
SITM's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.
Put together: Pricing Power is the strongest of the five filters (76/100) and Returns on Capital the weakest (4/100), which is how SITM lands at 42/100 — 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.
Gaps in a line mean that item isn’t in SITM’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
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 crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.
Track record
How SITIME Corp’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.
How to read this: each dot is what the engine would have scored SITM on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
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, SITM 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.
Technology context
#435 of 744 scored Technology companies, ranked by Moat Score.
Nearest peers by Moat Score
- #433FOUR SHIFT4 PAYMENTS, INC.42.0 out of 100, Shallow moatShallow moat
- #434UMAC Unusual Machines, Inc.42.0 out of 100, Shallow moatShallow moat
- #436ARLO ARLO TECHNOLOGIES, INC.41.8 out of 100, Shallow moatShallow moat
- #437RFIL R F INDUSTRIES, LTD.41.7 out of 100, Shallow moatShallow moat
Compare SITM with its nearest peers →All Technology companies on the Index →
Common questions about SITM
- Does SITIME Corp have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores SITIME Corp (SITM) 41.8 out of 100 — a Shallow 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 50, pricing power 76, returns on capital 4, balance-sheet safety 55, capital discipline 24.
- How has SITM's Moat Score changed over time?
- The record logs 16 readings since Jul 17, 2026; the latest reads 41.8 out of 100 (shallow 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.