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 | BBAI | MRCY | ULBI | CIRC |
|---|---|---|---|---|
| Moat Score (0–100) | 23 | 24 (highest) | 24 (highest) | 23 |
| Pricing power | 38 | 53 (highest) | 39 | 30 |
| Returns on capital | 6 (highest) | 0 | 4 | 0 |
| Balance-sheet safety | 28 (highest) | 28 (highest) | 28 (highest) | 28 (highest) |
| Capital discipline | 24 | 13 | 26 | 44 (highest) |
| Margin of safety | No price data | 1590% above value | 210% above value (highest margin of safety) | No price data |
| Market cap | $1.2B | $5.7B | $91.8M | $43.0M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |