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.
| Measure | BTLN | DH | VS | NPKI |
|---|---|---|---|---|
| Moat Score (0–100) | 43 (highest) | 43 (highest) | 43 (highest) | 43 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 57 | 60 (highest) | 57 | 45 |
| Pricing power | 79 | 99 (highest) | 59 | 6 |
| Returns on capital | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Balance-sheet safety | 55 | 28 | 55 | 100 (highest) |
| Capital allocation | 24 | 29 | 44 | 63 (highest) |
| No price data | No price data | No price data | No price data | |
| Market cap | $19M | $109M | $6.1M | $1.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |