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 | CNXC | ALGM | BL | FLUT |
|---|---|---|---|---|
| Moat Score (0–100) | 41 (highest) | 41 (highest) | 41 (highest) | 41 (highest) |
| Pricing power | 62 | 70 | 100 (highest) | 80 |
| Returns on capital | 39 (highest) | 28 | 0 | 0 |
| Balance-sheet safety | 28 | 36 (highest) | 29 | 0 |
| Capital discipline | 24 | 20 | 24 | 82 (highest) |
| Margin of safety | Around fair value (highest margin of safety) | 549% above value | 159% above value | 31% above value |
| Market cap | $1.5B | $8.6B | $1.8B | $18.7B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |