Eneti Inc. NETI NYSE

Eneti Inc. (NETI) reported declining year-over-year revenue growth of -10% through 2023-09 (TTM revenue vs prior-year TTM). Net income showed earnings decline of -157.6% YoY, reaching $18M in the latest quarter. The net profit margin is 34.4%, which is exceptional. the company was profitable in 2 out of the last 4 quarters. The gross margin is 12.5% (low), down 7.5pp vs the prior year. With a market cap data available, MOAT composite score of 15/100 (low competitive position).

Criteria proven by this page:

• GROWTH (30/100, Fail) — revenue or earnings are not growing
• PAST (75/100, Fail) — the company has frequently reported losses. Looking at the full 10-year annual history, the company was profitable in 3 of 10 years — a mixed long-term record
• INCOME (100/100, Pass) — proves strong profitability and pricing power
• MOAT (15/100, Fail) — limited competitive moat based on margins and scale

Overall SharesGrow Score: 72/100 with 4/7 criteria passed.