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.
| Measure | EML | NTRP | SMR | FRD |
|---|---|---|---|---|
| Moat Score (0–100) | 36 (highest) | 36 (highest) | 36 (highest) | 36 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 30 | 70 (highest) | 45 | 50 |
| Pricing power | 41 (highest) | 11 | 36 | 0 |
| Returns on capital | 19 | 0 | 0 | 22 (highest) |
| Balance-sheet safety | 39 | 55 (highest) | 55 (highest) | 28 |
| Capital allocation | 49 | 44 | 44 | 79 (highest) |
| 25% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | 61% above value if growth stopped today | |
| Market cap | $146M | $24.5M | Not reported | $251M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |