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 | FATN | PLTR | SMCI | SNPS |
|---|---|---|---|---|
| Moat Score (0–100) | 64 (highest) | 64 (highest) | 64 (highest) | 64 (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 | 47 | 85 | 95 (highest) | 95 (highest) |
| Pricing power | 100 (highest) | 95 | 19 | 100 (highest) |
| Returns on capital | 76 (highest) | 18 | 48 | 66 |
| Balance-sheet safety | 72 | 100 (highest) | 100 (highest) | 0 |
| Capital allocation | 26 | 24 | 60 (highest) | 60 (highest) |
| 13% above value if growth stopped today (largest discount to value if growth stopped today) | 11499% above value if growth stopped today | 151% above value if growth stopped today | 386% above value if growth stopped today | |
| Market cap | $63.3M | $293.9B | $17.9B | $69.5B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |