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 | ENPH | BLIN | MAN | CIEN |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (highest) |
| Pricing power | 41 | 88 (highest) | 31 | 72 |
| Returns on capital | 58 | 0 | 60 (highest) | 36 |
| Balance-sheet safety | 58 (highest) | 55 | 53 | 25 |
| Capital discipline | 24 | 44 (highest) | 40 | 42 |
| Margin of safety | 43% above value | No price data | 21% above value (highest margin of safety) | 7554% above value |
| Market cap | $5.4B | $14.9M | $2.4B | $52.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |