Aterian, Inc. ATER

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
20/100
Weak

About Aterian, Inc.

Aterian, Inc., together with its subsidiaries, operates as a technology-enabled consumer products company in North America, Chile, Colombia, Argentina, and internationally. The company offers home and kitchen appliances, kitchenware, air quality appliances, health and beauty products, and essential oils under the Squatty Potty, HomeLabs, Mueller Living, PurSteam, Healing Solutions, and Photo Paper Direct brand names. It primarily serves individual online … Full ATER analysis →

Competitive advantage assessment

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.97), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 3.3th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 6.7th percentile indicates below-peer efficiency.

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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Pricing Power

Weak
18

Where ATER ranks in Furnishings, Fixtures & Appliances

Aterian, Inc. ranks #30 of 34 scored companies in Furnishings, Fixtures & Appliances by moat score — the top 88%. The widest moat in the group is SharkNinja, Inc. (SN) at 81/100.

Moat scores for companies ranked near ATER in Furnishings, Fixtures & Appliances
# Company Moat score Rating
26 Sleep Number Corporation SNBR 29/100 Developing
27 iRobot Corporation IRBT 25/100 Weak
28 Purple Innovation, Inc. PRPL 23/100 Weak
29 Energy Focus, Inc. EFOI 22/100 Weak
30 Aterian, Inc. ATER 20/100 Weak
31 Northann Corp. NCL 10/100 Weak
32 Nova Lifestyle, Inc NVFY 0/100 Weak
33 Steelcase Inc. SCS 0/100 Weak
34 Tempur Sealy International, Inc TPX 0/100 Weak

See every General Corporate company ranked by moat score →

How ATER scores on the Corporate Default defenses

Pricing Power

Score 18 · 20% of the moat score

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 8 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 7 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 18 · 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 69 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ATER's moat

What is Aterian, Inc.'s moat score?

Aterian, Inc. (ATER) scores 20 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #30 of 34 scored companies in Furnishings, Fixtures & Appliances, the top 88%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Furnishings, Fixtures & Appliances. Its strongest defense is Scale & Market Position (69/100) and its weakest is Cost Advantage (5/100).

How does Aterian, Inc. compare with other Furnishings, Fixtures & Appliances companies?

Aterian, Inc. ranks #30 of 34 scored companies in Furnishings, Fixtures & Appliances by moat score. The widest moat in Furnishings, Fixtures & Appliances is SharkNinja, Inc. (SN) at 81/100. The companies ranked closest are Energy Focus, Inc. (EFOI) at 22 just above it and Northann Corp. (NCL) at 10 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 33 companies in Furnishings, Fixtures & Appliances. The defenses are then weighted to produce the overall score out of 100.

Why is Aterian, 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 Aterian, Inc.?

The Corporate Default template measures 6 defenses, and ATER scores: Pricing Power (18), Cost Advantage (5), Customer Stickiness (8), Capital Efficiency (7), Resilience (18), Scale & Market Position (69). 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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