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 | FGCO | RIOT | MSTR | HSDT |
|---|---|---|---|---|
| Moat Score (0–100) | 36 | 37 (highest) | 36 | 35 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 40 | 60 (highest) | 27 | 35 |
| Pricing power | 70 | 52 | 97 (highest) | 43 |
| Returns on capital | 0 | 0 | 7 (highest) | 0 |
| Balance-sheet safety | 28 | 28 | 28 | 55 (highest) |
| Capital allocation | 44 (highest) | 44 (highest) | 24 | 44 (highest) |
| No price data | No price data | No price data | No price data | |
| Market cap | $6.4M | $8.0B | $39.4B | $97.7M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2021 | FY2025 | FY2025 | FY2025 |