Planet Labs PBC PL

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
42/100
Developing

Ranked against 79 peers in Aerospace & Defense

About Planet Labs PBC

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform the United States and internationally. The company's platform offers planet monitoring, tasking, archive, apps, application programming interfaces (APIs), basemaps, and fusion, as well as analytic feeds and planetary variables. It also … Full PL analysis →

Key strengths

  • Cash Generation Consistent Cash generation is consistent (score 0.95), indicating reliable business model.
  • Consistent Cash Generation Cash generation is strong and consistent (score 0.95).

Key risks

  • ROIC Below WACC or Peers ROIC at 29.2th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.11), raising refinancing risk.

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
29
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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 PL ranks in Aerospace & Defense

Planet Labs PBC ranks #43 of 80 scored companies in Aerospace & Defense by moat score — the top 54%. The widest moat in the group is Howmet Aerospace Inc. (HWM) at 80/100.

# Company Moat score Rating
39 Axon Enterprise, Inc. AXON 46/100 Developing
40 Space Exploration Technologies SPCX 45/100 Developing
41 Mercury Systems Inc MRCY 44/100 Developing
42 Boeing Company (The) BA 43/100 Developing
43 Planet Labs PBC PL 42/100 Developing
44 Redwire Corporation RDW 41/100 Developing
45 SIFCO Industries, Inc. SIF 40/100 Developing
46 Ducommun Incorporated DCO 39/100 Developing
47 Sturm, Ruger & Company, Inc. RGR 39/100 Developing

See every General Corporate company ranked by moat score →

How PL scores on the Corporate Default defenses

Pricing Power

Score 29 · 20% of the moat score

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

Cost Advantage

Score 29 · 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 19 · 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 69 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PL's moat

What is Planet Labs PBC's moat score?

Planet Labs PBC (PL) scores 42 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #43 of 80 scored companies in Aerospace & Defense, the top 54%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 79 companies in Aerospace & Defense. Its strongest defense is Customer Stickiness (79/100) and its weakest is Capital Efficiency (19/100).

How does Planet Labs PBC compare with other Aerospace & Defense companies?

Planet Labs PBC ranks #43 of 80 scored companies in Aerospace & Defense by moat score. The widest moat in Aerospace & Defense is Howmet Aerospace Inc. (HWM) at 80/100. The companies ranked closest are Boeing Company (The) (BA) at 43 just above it and Redwire Corporation (RDW) at 41 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 79 companies in Aerospace & Defense. The defenses are then weighted to produce the overall score out of 100.

Why is Planet Labs PBC 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 Planet Labs PBC?

The Corporate Default template measures 6 defenses, and PL scores: Pricing Power (29), Cost Advantage (29), Customer Stickiness (79), Capital Efficiency (19), Resilience (35), Scale & Market Position (69). 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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