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.
FCCN · Technology · Narrow moat
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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 | FCCN | NRDS | NUTX | SMCI |
|---|---|---|---|---|
| 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 | 85 | 80 | 90 | 95 (highest) |
| Pricing power | 70 | 100 (highest) | 40 | 16 |
| Returns on capital | — | 6 | 83 (highest) | 60 |
| Balance-sheet safety | 55 | 73 | 81 | 86 (highest) |
| Capital allocation | 44 | 60 (highest) | 24 | 60 (highest) |
| No price data | 80% above value if growth stopped today | 73% above value if growth stopped today (largest discount to value if growth stopped today) | 78% above value if growth stopped today | |
| Market cap | $203M | $715M | $1.3B | $20.8B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |