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.
ZICX · Technology · Shallow 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%.
| Measure | FSLR | UPBD | COUR | ZICX |
|---|---|---|---|---|
| Moat Score (0–100) | 51 (highest) | 51 (highest) | 51 (highest) | 51 (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 | 90 (highest) | 26 | 70 | 70 |
| Pricing power | 13 | 81 | 84 (highest) | 64 |
| Returns on capital | 12 | 93 (highest) | 0 | — |
| Balance-sheet safety | 100 (highest) | 28 | 55 | 28 |
| Capital allocation | 38 | 25 | 44 (highest) | 40 |
| 101% above value if growth stopped today | 17% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | |
| Market cap | $18.5B | $951M | $829M | $3M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |