BlackSky Technology Inc. operates as a space-based intelligence company in North America, the Middle East, the Asia Pacific, and internationally. The company provides geospatial intelligence, imagery, and related data analytic products and services that include the development, integration, and operation of satellites and software platforms, and ground systems for government and commercial organizations. The company's Spectra software platform processes a …
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Competitive advantage assessment
Key strengths
Operating Leverage in EffectOperating leverage is evident (score 0.87), with margins expanding over time.
Strong Liquidity BufferLiquidity position is strong (score 0.61), providing operational cushion.
Key risks
ROIC Below WACC or PeersROIC at 33.3th percentile suggests inefficient capital deployment.
Where BKSY ranks in Scientific & Technical Instruments
BlackSky Technology Inc. ranks #22 of 34
scored companies in Scientific & Technical Instruments by moat score — the top 65%.
The widest moat in the group is Garmin Ltd. (GRMN)
at 85/100.
Moat scores for companies ranked near BKSY in Scientific & Technical Instruments
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 30
· 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 31
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 14
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 34
· 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 70
· 15% of the moat score
Scale matters only when it converts into economics.
BlackSky Technology Inc. (BKSY) scores 33 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #22 of 34 scored companies in Scientific & Technical Instruments, the top 65%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Scientific & Technical Instruments. Its strongest defense is Scale & Market Position (70/100) and its weakest is Capital Efficiency (14/100).
How does BlackSky Technology Inc. compare with other Scientific & Technical Instruments companies?
BlackSky Technology Inc. ranks #22 of 34 scored companies in Scientific & Technical Instruments by moat score. The widest moat in Scientific & Technical Instruments is Garmin Ltd. (GRMN) at 84/100. The companies ranked closest are Coherent Corp. (COHR) at 46 just above it and Wrap Technologies, Inc. (WRAP) at 25 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 Scientific & Technical Instruments. The defenses are then weighted to produce the overall score out of 100.
Why is BlackSky Technology 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 BlackSky Technology Inc.?
The Corporate Default template measures 6 defenses, and BKSY scores: Pricing Power (27), Cost Advantage (30), Customer Stickiness (31), Capital Efficiency (14), Resilience (34), Scale & Market Position (70). 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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