Does Tectonic Financial have an economic moat?
Maybe
Tectonic Financial earns 10.6% 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 years10.6%
Return on invested capital, latest year-14.3%
Gross margin68.1%Share of each sale left after production costs
Net margin3.6%
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 Tectonic Financial
Data as of Feb 26, 2026.