Anterix Inc. ATEX

Competitive advantage analysis · communication-services

Corporate Default
Overall moat score
62/100
Moderate

Ranked against 59 peers in Telecom Services

About Anterix Inc.

Anterix Inc. focuses on the commercialization of spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and solutions. The company offers CatalyX, an active ecosystem platform; complementary spectrum; anterix security collective; and rural broadband services. It also holds licensed spectrum in the 900 MHz band throughout the contiguous United States, as well as … Full ATEX analysis →

Key strengths

  • Scale Supporting Profitability Profitability at scale is strong (score 1.00), demonstrating competitive advantages.
  • ROIC Sustainably Above Peers ROIC at 96.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.12), suggesting weak customer stickiness.
  • Elevated Debt Risk Debt serviceability is weak (score 0.19), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Moderate
60
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Cost Advantage

Premium

Signals, strengths and risks for Customer Stickiness

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Resilience

Premium

Signals, strengths and risks for Scale & Market Position

Where ATEX ranks in Telecom Services

Anterix Inc. ranks #19 of 56 scored companies in Telecom Services by moat score — the top 34%. The widest moat in the group is Iridium Communications Inc (IRDM) at 76/100.

# Company Moat score Rating
15 T-Mobile US, Inc. TMUS 65/100 Moderate
16 Verizon Communications Inc. VZ 63/100 Moderate
17 AT&T Inc. T 63/100 Moderate
18 SK Telecom Co., Ltd. SKM 63/100 Moderate
19 Anterix Inc. ATEX 62/100 Moderate
20 IDT Corporation IDT 61/100 Moderate
21 Rogers Communication, Inc. RCI 60/100 Moderate
22 KT Corporation KT 60/100 Moderate
23 Turkcell Iletisim Hizmetleri AS TKC 51/100 Moderate

See every General Corporate company ranked by moat score →

How ATEX scores on the Corporate Default defenses

Pricing Power

Score 60 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 51 · 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 35 · 15% of the moat score

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

Capital Efficiency

Score 77 · 18% of the moat score

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

Resilience

Score 49 · 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 100 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ATEX's moat

What is Anterix Inc.'s moat score?

Anterix Inc. (ATEX) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #19 of 56 scored companies in Telecom Services, the top 34%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 59 companies in Telecom Services. Its strongest defense is Scale & Market Position (100/100) and its weakest is Customer Stickiness (35/100).

How does Anterix Inc. compare with other Telecom Services companies?

Anterix Inc. ranks #19 of 56 scored companies in Telecom Services by moat score. The widest moat in Telecom Services is Iridium Communications Inc (IRDM) at 76/100. The companies ranked closest are SK Telecom Co., Ltd. (SKM) at 63 just above it and IDT Corporation (IDT) at 61 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 59 companies in Telecom Services. The defenses are then weighted to produce the overall score out of 100.

Why is Anterix 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 Anterix Inc.?

The Corporate Default template measures 6 defenses, and ATEX scores: Pricing Power (60), Cost Advantage (51), Customer Stickiness (35), Capital Efficiency (77), Resilience (49), Scale & Market Position (100). 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.

Send Feedback
Please select a category.
0/1000