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.
ASST · Other · 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%.
COIN · Other · 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%.
ICE · Other · 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 | ASST | COIN | ICE | ABTC |
|---|---|---|---|---|
| Moat Score (0–100) | 46 | 49 (highest) | 48 | 46 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 37 | 31 | 62 | 63 (highest) |
| Pricing power | — | — | — | 61 |
| Returns on capital | 9 | 38 (highest) | 18 | 6 |
| Balance-sheet safety | 78 | 92 (highest) | 25 | 55 |
| Capital allocation | 63 | 33 | 85 (highest) | 44 |
| No price data | 253% above value if growth stopped today | 112% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | Not reported | $49.4B | $91.6B | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |