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 | BW | SPCE | MATW | TPCS |
|---|---|---|---|---|
| Moat Score (0–100) | 22 (highest) | 22 (highest) | 22 (highest) | 22 (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 | 26 | 20 | 30 | 53 (highest) |
| Pricing power | 12 | 19 | 52 (highest) | 4 |
| Returns on capital | 0 | 0 | 0 | 4 (highest) |
| Balance-sheet safety | 28 (highest) | 28 (highest) | 0 | 4 |
| Capital allocation | 44 (highest) | 44 (highest) | 28 | 44 (highest) |
| No price data | No price data | 570% above value if growth stopped today | No price data | |
| Market cap | $1.3B | $183M | $853M | $45.7M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |