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.
MKTW · Technology · Narrow moat
On the watchlist
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 | ENS | SANM | MKTW | FLEX |
|---|---|---|---|---|
| Moat Score (0–100) | 61 | 62 (highest) | 62 (highest) | 61 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 81 (highest) | 69 | 43 | 61 |
| Pricing power | 38 | 24 | 83 (highest) | 16 |
| Returns on capital | 47 | 53 | — | 73 (highest) |
| Balance-sheet safety | 54 | 94 | 100 (highest) | 56 |
| Capital allocation | 86 | 68 | 20 | 100 (highest) |
| 106% above value if growth stopped today (largest discount to value if growth stopped today) | 269% above value if growth stopped today | No price data | 257% above value if growth stopped today | |
| Market cap | $6.3B | $10.1B | Not reported | $36.0B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2026 |