The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | ASYS | VECO | FTEK | ATER |
|---|---|---|---|---|
| Moat Score (0–100) | 34 | 35 (highest) | 35 (highest) | 34 |
| Pricing power | 56 | 66 (highest) | 62 | 66 (highest) |
| Returns on capital | 4 (highest) | 4 (highest) | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 44 | 55 (highest) | 28 |
| Capital discipline | 26 | 24 | 24 | 44 (highest) |
| Margin of safety | No price data | 347% above value | No price data | No price data |
| Market cap | $239.3M | $3.2B | $47.5M | $13.0M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |