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 | BELFA | APPN | PRTH | SOUN |
|---|---|---|---|---|
| Moat Score (0–100) | 37 | 38 (highest) | 38 (highest) | 37 |
| Pricing power | 22 | 96 (highest) | 48 | 77 |
| Returns on capital | 37 | 0 | 38 (highest) | 0 |
| Balance-sheet safety | 55 (highest) | 0 | 0 | 28 |
| Capital discipline | 44 | 44 | 60 (highest) | 44 |
| Margin of safety | No price data | No price data | 39% below value | No price data |
| Market cap | — | $1.9B | $548.0M | — |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |