Murphy USA Inc. MUSA

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
57/100
Moderate

About Murphy USA Inc.

Murphy USA Inc., together with subsidiaries, engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest areas of the United States. Murphy USA Inc. was founded … Full MUSA analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 69.4th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 1.00), demonstrating pricing resilience across cycles.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.08), raising questions about short-term obligations.
  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.31), suggesting weak customer stickiness.

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
59

Where MUSA ranks in Specialty Retail

Murphy USA Inc. ranks #19 of 52 scored companies in Specialty Retail by moat score — the top 37%. The widest moat in the group is Winmark Corporation (WINA) at 83/100.

Moat scores for companies ranked near MUSA in Specialty Retail
# Company Moat score Rating
15 Rectitude Holdings Ltd RECT 62/100 Moderate
16 Caseys General Stores, Inc. CASY 61/100 Moderate
17 Dick's Sporting Goods Inc DKS 61/100 Moderate
18 MINISO Group Holding Limited MNSO 60/100 Moderate
19 Murphy USA Inc. MUSA 57/100 Moderate
20 HOMESTOLIFE LTD HTLM 56/100 Moderate
21 RH RH 55/100 Moderate
22 Barnes & Noble Education, Inc BNED 54/100 Moderate
23 Tokyo Lifestyle Co., Ltd. TKLF 54/100 Moderate

See every General Corporate company ranked by moat score →

How MUSA scores on the Corporate Default defenses

Pricing Power

Score 59 · 20% of the moat score

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

Cost Advantage

Score 80 · 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 44 · 15% of the moat score

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

Capital Efficiency

Score 75 · 18% of the moat score

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

Resilience

Score 35 · 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 MUSA's moat

What is Murphy USA Inc.'s moat score?

Murphy USA Inc. (MUSA) scores 57 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #19 of 52 scored companies in Specialty Retail, the top 37%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Specialty Retail. Its strongest defense is Cost Advantage (80/100) and its weakest is Resilience (35/100).

How does Murphy USA Inc. compare with other Specialty Retail companies?

Murphy USA Inc. ranks #19 of 52 scored companies in Specialty Retail by moat score. The widest moat in Specialty Retail is Winmark Corporation (WINA) at 83/100. The companies ranked closest are MINISO Group Holding Limited (MNSO) at 60 just above it and HOMESTOLIFE LTD (HTLM) at 56 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 51 companies in Specialty Retail. The defenses are then weighted to produce the overall score out of 100.

Why is Murphy USA 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 Murphy USA Inc.?

The Corporate Default template measures 6 defenses, and MUSA scores: Pricing Power (59), Cost Advantage (80), Customer Stickiness (44), Capital Efficiency (75), Resilience (35), 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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