Aspen Aerogels, Inc., an aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier. The company offers PyroThin aerogel thermal barriers for use in battery …
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Competitive advantage assessment
Key strengths
Strong Liquidity BufferLiquidity position is strong (score 0.88), providing operational cushion.
Key risks
Commodity Pressure / Weak DifferentiationGross margin at 13.3th percentile with high volatility suggests weak pricing power or commoditized products.
ROIC Below WACC or PeersROIC at 3.1th percentile suggests inefficient capital deployment.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Aspen Aerogels, Inc. ranks #30 of 35
scored companies in Building Products & Equipment by moat score — the top 86%.
The widest moat in the group is Armstrong World Industries Inc (AWI)
at 83/100.
Moat scores for companies ranked near ASPN in Building Products & Equipment
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 5
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 26
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 10
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 59
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 8
· 15% of the moat score
Scale matters only when it converts into economics.
Aspen Aerogels, Inc. (ASPN) scores 18 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #30 of 35 scored companies in Building Products & Equipment, the top 86%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 34 companies in Building Products & Equipment. Its strongest defense is Resilience (59/100) and its weakest is Pricing Power (4/100).
How does Aspen Aerogels, Inc. compare with other Building Products & Equipment companies?
Aspen Aerogels, Inc. ranks #30 of 35 scored companies in Building Products & Equipment by moat score. The widest moat in Building Products & Equipment is Armstrong World Industries Inc (AWI) at 83/100. The companies ranked closest are JELD-WEN Holding, Inc. (JELD) at 22 just above it and Identiv, Inc. (INVE) at 18 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 34 companies in Building Products & Equipment. The defenses are then weighted to produce the overall score out of 100.
Why is Aspen Aerogels, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Aspen Aerogels, Inc.?
The Corporate Default template measures 6 defenses, and ASPN scores: Pricing Power (4), Cost Advantage (5), Customer Stickiness (26), Capital Efficiency (10), Resilience (59), Scale & Market Position (8). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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