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.
COHN · Other · Shallow 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%.
CG · Other · 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%.
| Measure | COHN | NDAQ | CG | RILY |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 55 (highest) | 55 (highest) | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 | 82 (highest) | 10 | 15 |
| Pricing power | — | 96 | 100 (highest) | 94 |
| Returns on capital | 38 | 16 | — | 96 (highest) |
| Balance-sheet safety | 55 (highest) | 19 | 48 | 0 |
| Capital allocation | 60 (highest) | 60 (highest) | 60 (highest) | 60 (highest) |
| No price data | 320% above value if growth stopped today | 30% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $28.7M | $52.5B | $16.2B | $211M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |