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 | SMCI | CXM | BKTI |
|---|---|---|---|---|
| Moat Score (0–100) | 64 (highest) | 64 (highest) | 64 (highest) | 63 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 85 | 92 (highest) | 78 | 80 |
| Pricing power | 70 | 19 | 96 (highest) | 70 |
| Returns on capital | — | 48 (highest) | 0 | 7 |
| Balance-sheet safety | 55 | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital discipline | 44 | 60 (highest) | 44 | 60 (highest) |
| Price vs. high estimate | No price data | 23% above high estimate | No price data | No price data |
| Market cap | $439.5M | $14.2B | — | $295.2M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |