Sonder Holdings Inc. SOND

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
29/100
Developing

Ranked against 13 peers in Lodging

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.92), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 0th percentile suggests inefficient capital deployment.
  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.23), 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.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Weak
17
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Cost Advantage

Premium

Signals, strengths and risks for Customer Stickiness

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Resilience

Premium

Signals, strengths and risks for Scale & Market Position

Where SOND ranks in Lodging

Sonder Holdings Inc. ranks #13 of 14 scored companies in Lodging by moat score — the top 93%. The widest moat in the group is Wyndham Hotels & Resorts, Inc. (WH) at 71/100.

# Company Moat score Rating
6 Choice Hotels International, In CHH 53/100 Moderate
7 The Intergroup Corporation INTG 53/100 Moderate
8 Marriott International MAR 50/100 Moderate
9 Civeo Corporation (Canada) CVEO 47/100 Developing
10 GreenTree Hospitality Group Ltd GHG 43/100 Developing
11 Hyatt Hotels Corporation H 38/100 Developing
12 Soho House & Co Inc. SHCO 31/100 Developing
13 Sonder Holdings Inc. SOND 29/100 Developing
14 Sonder Holdings Inc. SONDW 28/100 Developing

See every General Corporate company ranked by moat score →

How SOND scores on the Corporate Default defenses

Pricing Power

Score 17 · 20% of the moat score

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

Cost Advantage

Score 15 · 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 17 · 15% of the moat score

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

Capital Efficiency

Score 31 · 18% of the moat score

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

Resilience

Score 11 · 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 71 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SOND's moat

What is Sonder Holdings Inc.'s moat score?

Sonder Holdings Inc. (SOND) scores 29 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #13 of 14 scored companies in Lodging, the top 93%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 13 companies in Lodging. Its strongest defense is Scale & Market Position (71/100) and its weakest is Resilience (11/100).

How does Sonder Holdings Inc. compare with other Lodging companies?

Sonder Holdings Inc. ranks #13 of 14 scored companies in Lodging by moat score. The widest moat in Lodging is Wyndham Hotels & Resorts, Inc. (WH) at 71/100. The companies ranked closest are Soho House & Co Inc. (SHCO) at 31 just above it and Sonder Holdings Inc. (SONDW) at 28 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 13 companies in Lodging. The defenses are then weighted to produce the overall score out of 100.

Why is Sonder Holdings 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 Sonder Holdings Inc.?

The Corporate Default template measures 6 defenses, and SOND scores: Pricing Power (17), Cost Advantage (15), Customer Stickiness (17), Capital Efficiency (31), Resilience (11), Scale & Market Position (71). 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.

Send Feedback
Please select a category.
0/1000