Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) technologies in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products. The company provides its products for applications, including industrial, medical, automotive/transportation, aerospace, and data …
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Competitive advantage assessment
Key strengths
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.91), with robust interest coverage.
Strong Liquidity BufferLiquidity position is strong (score 0.72), providing operational cushion.
Key risks
ROIC Below WACC or PeersROIC at 28.1th percentile suggests inefficient capital deployment.
Below-Peer Operating EfficiencyOperating margin at 30.8th 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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Everspin Technologies, Inc. ranks #37 of 66
scored companies in Semiconductors by moat score — the top 56%.
The widest moat in the group is NVE Corporation (NVEC)
at 86/100.
Moat scores for companies ranked near MRAM in Semiconductors
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 27
· 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 55
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 33
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 76
· 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 34
· 15% of the moat score
Scale matters only when it converts into economics.
Everspin Technologies, Inc. (MRAM) scores 42 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #37 of 66 scored companies in Semiconductors, the top 56%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 65 companies in Semiconductors. Its strongest defense is Resilience (76/100) and its weakest is Cost Advantage (27/100).
How does Everspin Technologies, Inc. compare with other Semiconductors companies?
Everspin Technologies, Inc. ranks #37 of 66 scored companies in Semiconductors by moat score. The widest moat in Semiconductors is NVE Corporation (NVEC) at 86/100. The companies ranked closest are Allegro MicroSystems, Inc. (ALGM) at 42 just above it and Semtech Corporation (SMTC) at 42 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 65 companies in Semiconductors. The defenses are then weighted to produce the overall score out of 100.
Why is Everspin Technologies, 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 Everspin Technologies, Inc.?
The Corporate Default template measures 6 defenses, and MRAM scores: Pricing Power (31), Cost Advantage (27), Customer Stickiness (55), Capital Efficiency (33), Resilience (76), Scale & Market Position (34). 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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