Spire Global, Inc. SPIR

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
28/100
Developing

About Spire Global, Inc.

Spire Global, Inc. provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety, and route optimization; and space-based data, AI-powered insights, and predictive weather analytics … Full SPIR analysis →

Competitive advantage assessment

Key strengths

  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.73), with robust interest coverage.
  • Operating Leverage in Effect Operating leverage is evident (score 1.00), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 10.5th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 10.0th 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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Pricing Power

Weak
14

Where SPIR ranks in Specialty Business Services

Spire Global, Inc. ranks #34 of 41 scored companies in Specialty Business Services by moat score — the top 83%. The widest moat in the group is Copart, Inc. (CPRT) at 81/100.

Moat scores for companies ranked near SPIR in Specialty Business Services
# Company Moat score Rating
30 Amentum Holdings, Inc. AMTM 39/100 Developing
31 Premium Catering (Holdings) Lim PC 32/100 Developing
32 Target Hospitality Corp. TH 29/100 Developing
33 Samfine Creation Holdings Group SFHG 28/100 Developing
34 Spire Global, Inc. SPIR 28/100 Developing
35 Lichen China Limited LICN 26/100 Developing
36 SPAR Group, Inc. SGRP 23/100 Weak
37 System1, Inc. SST 22/100 Weak
38 Network-1 Technologies, Inc. NTIP 21/100 Weak

See every General Corporate company ranked by moat score →

How SPIR scores on the Corporate Default defenses

Pricing Power

Score 14 · 20% of the moat score

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

Cost Advantage

Score 8 · 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 12 · 15% of the moat score

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

Capital Efficiency

Score 20 · 18% of the moat score

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

Resilience

Score 53 · 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 61 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SPIR's moat

What is Spire Global, Inc.'s moat score?

Spire Global, Inc. (SPIR) scores 28 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #34 of 41 scored companies in Specialty Business Services, the top 83%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 40 companies in Specialty Business Services. Its strongest defense is Scale & Market Position (61/100) and its weakest is Cost Advantage (8/100).

How does Spire Global, Inc. compare with other Specialty Business Services companies?

Spire Global, Inc. ranks #34 of 41 scored companies in Specialty Business Services by moat score. The widest moat in Specialty Business Services is Copart, Inc. (CPRT) at 81/100. The companies ranked closest are Samfine Creation Holdings Group (SFHG) at 28 just above it and Lichen China Limited (LICN) at 26 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 40 companies in Specialty Business Services. The defenses are then weighted to produce the overall score out of 100.

Why is Spire Global, 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 Spire Global, Inc.?

The Corporate Default template measures 6 defenses, and SPIR scores: Pricing Power (14), Cost Advantage (8), Customer Stickiness (12), Capital Efficiency (20), Resilience (53), Scale & Market Position (61). 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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