Liquidity Services, Inc. LQDT

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
69/100
Moderate

About Liquidity Services, Inc.

Liquidity Services, Inc. engages in the provision of e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its solutions enable government entities and commercial businesses to sell surplus property and real estate assets through GovDeals, Bid4Assets, … Full LQDT analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 76.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.84), with robust interest coverage.

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

Moderate
66

Where LQDT ranks in Internet Retail

Liquidity Services, Inc. ranks #7 of 43 scored companies in Internet Retail by moat score — the top 16%. The widest moat in the group is PDD Holdings Inc. (PDD) at 77/100.

Moat scores for companies ranked near LQDT in Internet Retail
# Company Moat score Rating
3 MercadoLibre, Inc. MELI 75/100 Moderate
4 Maplebear Inc. CART 73/100 Moderate
5 Vipshop Holdings Limited VIPS 72/100 Moderate
6 eBay Inc. EBAY 72/100 Moderate
7 Liquidity Services, Inc. LQDT 69/100 Moderate
8 Global-E Online Ltd. GLBE 69/100 Moderate
9 Sea Limited SE 68/100 Moderate
10 Revolve Group, Inc. RVLV 66/100 Moderate
11 Etsy, Inc. ETSY 63/100 Moderate

See every General Corporate company ranked by moat score →

How LQDT scores on the Corporate Default defenses

Pricing Power

Score 66 · 20% of the moat score

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

Cost Advantage

Score 78 · 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 73 · 18% of the moat score

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

Resilience

Score 71 · 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 50 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding LQDT's moat

What is Liquidity Services, Inc.'s moat score?

Liquidity Services, Inc. (LQDT) scores 69 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #7 of 43 scored companies in Internet Retail, the top 16%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 42 companies in Internet Retail. Its strongest defense is Customer Stickiness (79/100) and its weakest is Scale & Market Position (50/100).

How does Liquidity Services, Inc. compare with other Internet Retail companies?

Liquidity Services, Inc. ranks #7 of 43 scored companies in Internet Retail by moat score. The widest moat in Internet Retail is PDD Holdings Inc. (PDD) at 77/100. The companies ranked closest are eBay Inc. (EBAY) at 72 just above it and Global-E Online Ltd. (GLBE) at 69 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 42 companies in Internet Retail. The defenses are then weighted to produce the overall score out of 100.

Why is Liquidity Services, 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 Liquidity Services, Inc.?

The Corporate Default template measures 6 defenses, and LQDT scores: Pricing Power (66), Cost Advantage (78), Customer Stickiness (79), Capital Efficiency (73), Resilience (71), Scale & Market Position (50). 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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