Traeger, Inc. COOK

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
35/100
Developing

About Traeger, Inc.

Traeger, Inc., together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue grills and pellet fueled barbecue grills for retailers, distributors, and direct to consumers in the United States and internationally. The company's wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app. It also … Full COOK analysis →

Competitive advantage assessment

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.93), with margins expanding over time.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.83), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 26.7th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 13.3th 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 COOK ranks in Furnishings, Fixtures & Appliances

Traeger, Inc. ranks #22 of 34 scored companies in Furnishings, Fixtures & Appliances by moat score — the top 65%. The widest moat in the group is SharkNinja, Inc. (SN) at 81/100.

Moat scores for companies ranked near COOK in Furnishings, Fixtures & Appliances
# Company Moat score Rating
18 Virco Manufacturing Corporation VIRC 46/100 Developing
19 The Lovesac Company LOVE 45/100 Developing
20 Hooker Furnishings Corporation HOFT 38/100 Developing
21 FGI Industries Ltd. FGI 35/100 Developing
22 Traeger, Inc. COOK 35/100 Developing
23 FGI Industries Ltd. Warrant FGIWW 33/100 Developing
24 Natuzzi, S.p.A. NTZ 29/100 Developing
25 Orion Energy Systems, Inc. OESX 29/100 Developing
26 Sleep Number Corporation SNBR 29/100 Developing

See every General Corporate company ranked by moat score →

How COOK 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 28 · 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 39 · 15% of the moat score

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

Capital Efficiency

Score 20 · 18% of the moat score

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

Resilience

Score 47 · 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 62 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding COOK's moat

What is Traeger, Inc.'s moat score?

Traeger, Inc. (COOK) scores 34 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #22 of 34 scored companies in Furnishings, Fixtures & Appliances, the top 65%. 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 (62/100) and its weakest is Pricing Power (18/100).

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

Traeger, Inc. ranks #22 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 FGI Industries Ltd. (FGI) at 35 just above it and FGI Industries Ltd. Warrant (FGIWW) at 33 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 Traeger, 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 Traeger, Inc.?

The Corporate Default template measures 6 defenses, and COOK scores: Pricing Power (18), Cost Advantage (28), Customer Stickiness (39), Capital Efficiency (20), Resilience (47), Scale & Market Position (62). 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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