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.
DIS · 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%.
NXST · Communications · Shallow moat
On the watchlist
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%.
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%.
NMAX · 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%.
| Measure | DIS | NXST | LYV | NMAX |
|---|---|---|---|---|
| Moat Score (0–100) | 52 | 53 (highest) | 53 (highest) | 52 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 69 | 74 (highest) | 59 | 70 |
| Pricing power | — | — | — | 64 |
| Returns on capital | 20 | 16 | 40 (highest) | — |
| Balance-sheet safety | 78 (highest) | 40 | 52 | 28 |
| Capital discipline | 41 | 81 (highest) | 60 | 44 |
| Price vs. high estimate | 367% above high estimate | 53% below high estimate (largest discount to high estimate) | 673% above high estimate | No price data |
| Market cap | $183.2B | $5.6B | $42.6B | $886.2M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |