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.
CPLX · 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%.
WMG · Communications · Shallow moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
LYV · Communications · 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%.
| Measure | CPLX | SPOK | WMG | LYV |
|---|---|---|---|---|
| Moat Score (0–100) | 54 | 56 (highest) | 55 | 54 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 48 | 49 | — | 65 (highest) |
| Pricing power | 98 | 100 (highest) | 80 | — |
| Returns on capital | — | 4 | 57 (highest) | 40 |
| Balance-sheet safety | 28 | 100 (highest) | 14 | 52 |
| Capital allocation | 44 | 27 | 69 (highest) | 60 |
| No price data | 25% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 641% above value if growth stopped today | |
| Market cap | Not reported | $221M | Not reported | $40.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |