Surf Air Mobility Inc. SRFM

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
16/100
Weak

About Surf Air Mobility Inc.

Surf Air Mobility Inc. engages in the air mobility business in the United States and internationally. Its air mobility platform provides scheduled commercial air service flights; and on-demand flights created for customers on an ad-hoc, by request basis. Surf Air Mobility Inc. was founded in 2011 and is headquartered in Hawthorne, California. Full SRFM analysis →

Competitive advantage assessment

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 1.00), with margins expanding over time.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 5.9th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 6.7th percentile suggests inefficient capital deployment.

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
5

Where SRFM ranks in Airlines

Surf Air Mobility Inc. ranks #18 of 20 scored companies in Airlines by moat score — the top 90%. The widest moat in the group is SkyWest, Inc. (SKYW) at 72/100.

Moat scores for companies ranked near SRFM in Airlines
# Company Moat score Rating
12 Controladora Vuela Compania de VLRS 46/100 Developing
13 JetBlue Airways Corporation JBLU 43/100 Developing
14 Allegiant Travel Company ALGT 38/100 Developing
15 Frontier Group Holdings, Inc. ULCC 35/100 Developing
16 Mesa Air Group, Inc. MESA 29/100 Developing
17 flyExclusive, Inc. FLYX 17/100 Weak
18 Surf Air Mobility Inc. SRFM 16/100 Weak
19 Air Transport Services Group, I ATSG 0/100 Weak
20 Gol Linhas Aereas Inteligentes GOLLQ 0/100 Weak

See every General Corporate company ranked by moat score →

How SRFM scores on the Corporate Default defenses

Pricing Power

Score 4 · 20% of the moat score

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

Cost Advantage

Score 7 · 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 6 · 15% of the moat score

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

Capital Efficiency

Score 10 · 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 57 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SRFM's moat

What is Surf Air Mobility Inc.'s moat score?

Surf Air Mobility Inc. (SRFM) scores 16 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #18 of 20 scored companies in Airlines, the top 90%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Airlines. Its strongest defense is Scale & Market Position (57/100) and its weakest is Pricing Power (4/100).

How does Surf Air Mobility Inc. compare with other Airlines companies?

Surf Air Mobility Inc. ranks #18 of 20 scored companies in Airlines by moat score. The widest moat in Airlines is SkyWest, Inc. (SKYW) at 72/100. The companies ranked closest are flyExclusive, Inc. (FLYX) at 17 just above it and Air Transport Services Group, I (ATSG) at 0 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 19 companies in Airlines. The defenses are then weighted to produce the overall score out of 100.

Why is Surf Air Mobility 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 Surf Air Mobility Inc.?

The Corporate Default template measures 6 defenses, and SRFM scores: Pricing Power (4), Cost Advantage (7), Customer Stickiness (6), Capital Efficiency (10), Resilience (11), Scale & Market Position (57). 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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