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.
FLNC · Technology · No moat
Doesn't clear the bar
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%.
QMCO · Technology · No moat
Doesn't clear the bar
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%.
ADMQ · Technology · No moat
Doesn't clear the bar
The balanceSheet component abstained: No debt, cash, or interest-expense disclosures to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | FLNC | QMCO | ALKT | ADMQ |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 39 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 57 | 21 | 63 (highest) | 57 |
| Pricing power | 0 | 65 | 83 (highest) | 31 |
| Returns on capital | — | — | 0 | 25 (highest) |
| Balance-sheet safety | 78 (highest) | 28 | 28 | — |
| Capital discipline | 24 | 44 (highest) | 24 | 44 (highest) |
| Price vs. high estimate | No price data | No price data | No price data | 80% above high estimate |
| Market cap | $1.9B | $160.9M | $1.9B | $6.5M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |