Does Empresas Lipigas have an economic moat?
Maybe
Empresas Lipigas earns 12.9% a year on the money invested in it: decent, but not the clear sign of a wide moat.
The numbers behind it
Return on invested capital, average of recent years12.9%
Return on invested capital, latest year16.7%
Gross margin34.0%Share of each sale left after production costs
Net margin8.4%
How we decide
A moat shows up in the numbers as high returns that last. We call it likely when the average return on invested capital over recent years is at least 15% and the gross margin at least 40%, and possible from 10%. The numbers can't show where a moat comes from (brand, network, patents), only that one seems to exist.
More questions about Empresas Lipigas
Data as of Nov 13, 2026.