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.
NMAX · Communications · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
CCOI · Communications · Shallow moat
Doesn't clear the bar
| Measure | CALX | NMAX | SIRI | CCOI |
|---|---|---|---|---|
| Moat Score (0–100) | 51 | 52 (highest) | 51 | 50 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 50 | 70 (highest) | 69 | 55 |
| Pricing power | 72 | 64 | 62 | 81 (highest) |
| Returns on capital | 7 | — | 82 | 90 (highest) |
| Balance-sheet safety | 100 (highest) | 28 | 3 | 0 |
| Capital allocation | 24 | 44 (highest) | 40 | 24 |
| 642% above value if growth stopped today | No price data | 12% above value if growth stopped today (largest discount to value if growth stopped today) | 191% above value if growth stopped today | |
| Market cap | $2.4B | $812M | $10.0B | $594M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |