ViaSat, Inc. VSAT

Competitive advantage analysis · technology

Corporate Default
Overall moat score
53/100
Moderate

About ViaSat, Inc.

Viasat, Inc. provides broadband and communications products and services in the United States and internationally. It operates through Communication Services; and Defense and Advanced Technologies segments. The company offers satellite-based broadband and narrowband communications solutions; broadband services, including broadband internet access and voice over internet protocol; fixed and mobile broadband and narrowband services; develops and sells satellite, wireless products, and … Full VSAT analysis →

Competitive advantage assessment

Key strengths

  • Cash Generation Consistent Cash generation is consistent (score 0.90), indicating reliable business model.
  • Consistent Cash Generation Cash generation is strong and consistent (score 0.90).

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 39.6th percentile with high volatility suggests weak pricing power or commoditized products.
  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.40), 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

Developing
41

Where VSAT ranks in Communication Equipment

ViaSat, Inc. ranks #23 of 59 scored companies in Communication Equipment by moat score — the top 39%. The widest moat in the group is Ubiquiti Inc. (UI) at 82/100.

Moat scores for companies ranked near VSAT in Communication Equipment
# Company Moat score Rating
19 Inseego Corp. INSG 57/100 Moderate
20 Ceragon Networks Ltd. CRNT 54/100 Moderate
21 Lumentum Holdings Inc. LITE 54/100 Moderate
22 Lantronix, Inc. LTRX 54/100 Moderate
23 ViaSat, Inc. VSAT 53/100 Moderate
24 Hewlett Packard Enterprise Comp HPE 51/100 Moderate
25 KVH Industries, Inc. KVHI 50/100 Moderate
26 Clearfield, Inc. CLFD 49/100 Developing
27 ClearOne, Inc. CLRO 48/100 Developing

See every General Corporate company ranked by moat score →

How VSAT scores on the Corporate Default defenses

Pricing Power

Score 41 · 20% of the moat score

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

Cost Advantage

Score 63 · 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 70 · 15% of the moat score

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

Capital Efficiency

Score 34 · 18% of the moat score

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

Resilience

Score 57 · 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 62 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding VSAT's moat

What is ViaSat, Inc.'s moat score?

ViaSat, Inc. (VSAT) scores 53 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #23 of 59 scored companies in Communication Equipment, the top 39%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 58 companies in Communication Equipment. Its strongest defense is Customer Stickiness (70/100) and its weakest is Capital Efficiency (34/100).

How does ViaSat, Inc. compare with other Communication Equipment companies?

ViaSat, Inc. ranks #23 of 59 scored companies in Communication Equipment by moat score. The widest moat in Communication Equipment is Ubiquiti Inc. (UI) at 82/100. The companies ranked closest are Lantronix, Inc. (LTRX) at 54 just above it and Hewlett Packard Enterprise Comp (HPE) at 51 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 58 companies in Communication Equipment. The defenses are then weighted to produce the overall score out of 100.

Why is ViaSat, 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 ViaSat, Inc.?

The Corporate Default template measures 6 defenses, and VSAT scores: Pricing Power (41), Cost Advantage (63), Customer Stickiness (70), Capital Efficiency (34), Resilience (57), Scale & Market Position (62). 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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