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.
ADMQ · Technology · No moat
Doesn't clear the bar
The balanceSheet component abstained: No debt, cash, or interest-expense disclosures to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
FLNC · Technology · No moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
KPLT · Technology · No moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | ADMQ | ALKT | FLNC | KPLT |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 40 (highest) | 40 (highest) | 39 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 57 | 63 (highest) | 57 | 60 |
| Pricing power | 31 | 83 (highest) | 0 | 10 |
| Returns on capital | 25 (highest) | 0 | — | — |
| Balance-sheet safety | — | 28 | 78 (highest) | 28 |
| Capital discipline | 44 | 24 | 24 | 60 (highest) |
| Price vs. high estimate | 80% above high estimate | No price data | No price data | 97% below high estimate (largest discount to high estimate) |
| Market cap | $6.5M | $1.9B | $1.9B | $33.2M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |