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 | CIEN | MAN | ENPH | MCHX |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (highest) |
| Pricing power | 72 | 31 | 41 | 87 (highest) |
| Returns on capital | 36 | 60 (highest) | 58 | 0 |
| Balance-sheet safety | 25 | 53 | 58 (highest) | 55 |
| Capital discipline | 42 | 40 | 24 | 44 (highest) |
| Margin of safety | 7554% above value | 21% above value (highest margin of safety) | 43% above value | No price data |
| Market cap | $52.8B | $2.4B | $5.4B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |