KVH Industries, Inc. KVHI

Competitive advantage analysis · technology

Corporate Default
Overall moat score
50/100
Moderate

Ranked against 58 peers in Communication Equipment

About KVH Industries, Inc.

KVH Industries, Inc., together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. It offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; CommBox, a data management software for maritime communications; CommBox Edge, an advanced maritime network … Full KVHI analysis →

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.85), suggesting sticky customer base.
  • Cash Generation Consistent Cash generation is consistent (score 0.75), indicating reliable business model.

Key risks

  • ROIC Below WACC or Peers ROIC at 30.8th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 39.6th 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

Developing
40
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where KVHI ranks in Communication Equipment

KVH Industries, Inc. ranks #25 of 59 scored companies in Communication Equipment by moat score — the top 42%. The widest moat in the group is Ubiquiti Inc. (UI) at 82/100.

# Company Moat score Rating
21 Lumentum Holdings Inc. LITE 54/100 Moderate
22 Lantronix, Inc. LTRX 54/100 Moderate
23 ViaSat, Inc. VSAT 53/100 Moderate
24 Hewlett Packard Enterprise Comp HPE 51/100 Moderate
25 KVH Industries, Inc. KVHI 50/100 Moderate
26 Clearfield, Inc. CLFD 49/100 Developing
27 ClearOne, Inc. CLRO 48/100 Developing
28 Sonim Technologies, Inc. SONM 47/100 Developing
29 Optical Cable Corporation OCC 47/100 Developing

See every General Corporate company ranked by moat score →

How KVHI scores on the Corporate Default defenses

Pricing Power

Score 40 · 20% of the moat score

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

Cost Advantage

Score 39 · 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 79 · 15% of the moat score

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

Capital Efficiency

Score 34 · 18% of the moat score

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

Resilience

Score 69 · 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 43 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding KVHI's moat

What is KVH Industries, Inc.'s moat score?

KVH Industries, Inc. (KVHI) scores 50 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #25 of 59 scored companies in Communication Equipment, the top 42%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 58 companies in Communication Equipment. Its strongest defense is Customer Stickiness (79/100) and its weakest is Capital Efficiency (34/100).

How does KVH Industries, Inc. compare with other Communication Equipment companies?

KVH Industries, Inc. ranks #25 of 59 scored companies in Communication Equipment by moat score. The widest moat in Communication Equipment is Ubiquiti Inc. (UI) at 82/100. The companies ranked closest are Hewlett Packard Enterprise Comp (HPE) at 51 just above it and Clearfield, Inc. (CLFD) at 49 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 58 companies in Communication Equipment. The defenses are then weighted to produce the overall score out of 100.

Why is KVH Industries, 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 KVH Industries, Inc.?

The Corporate Default template measures 6 defenses, and KVHI scores: Pricing Power (40), Cost Advantage (39), Customer Stickiness (79), Capital Efficiency (34), Resilience (69), Scale & Market Position (43). 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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