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.
BTBT · Other · No 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 | BTBT | IONI | AVX | VMNT |
|---|---|---|---|---|
| Moat Score (0–100) | 34 | 35 (highest) | 34 | 34 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 63 | 40 | 70 (highest) | 7 |
| Pricing power | — | 30 | 0 | 99 (highest) |
| Returns on capital | 0 | 4 (highest) | 0 | 0 |
| Balance-sheet safety | 28 | 55 (highest) | 55 (highest) | 28 |
| Capital allocation | 44 (highest) | 44 (highest) | 44 (highest) | 34 |
| No price data | No price data | No price data | No price data | |
| Market cap | $528M | $3.9M | $340M | $1.4M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2023 |