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.
CMLS · Communications · 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%.
ATNI · Communications · 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%.
MCS · Communications · 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 | CMLS | ATNI | MCS | TOON |
|---|---|---|---|---|
| Moat Score (0–100) | 28 | 29 (highest) | 29 (highest) | 27 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 20 | 47 | 59 (highest) | 55 |
| Pricing power | — | — | — | 10 |
| Returns on capital | 0 | 0 | 11 (highest) | 0 |
| Balance-sheet safety | 28 (highest) | 16 | 28 (highest) | 28 (highest) |
| Capital discipline | 64 (highest) | 54 | 20 | 44 |
| Price vs. high estimate | No price data | No price data | No price data | No price data |
| Market cap | $87200 | $348.9M | — | $33.6M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |