The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
ADEA · Communications · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
WMG · Communications · Shallow moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
LYV · Communications · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
MTN · Communications · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | ADEA | WMG | LYV | MTN |
|---|---|---|---|---|
| Moat Score (0–100) | 54 | 55 (highest) | 54 | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 61 | — | 65 | 90 (highest) |
| Pricing power | — | 80 | — | — |
| Returns on capital | 55 | 57 (highest) | 40 | 48 |
| Balance-sheet safety | 41 | 14 | 52 (highest) | 15 |
| Capital allocation | 59 | 69 (highest) | 60 | 60 |
| 61% above value if growth stopped today | No price data | 657% above value if growth stopped today | 57% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $2.8B | Not reported | $41.7B | $5.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |