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.
FBYD · Communications · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
MTN · Communications · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
HWNI · Communications · 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%.
| Measure | GAME | FBYD | MTN | HWNI |
|---|---|---|---|---|
| Moat Score (0–100) | 33 | 34 (highest) | 34 (highest) | 33 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 57 | 85 (highest) | 41 | 33 |
| Pricing power | 38 (highest) | — | — | 27 |
| Returns on capital | 0 | 0 | 42 (highest) | — |
| Balance-sheet safety | 28 (highest) | 28 (highest) | 0 | 28 (highest) |
| Capital allocation | 44 | 24 | 52 (highest) | 44 |
| No price data | No price data | 62% above value if growth stopped today | No price data | |
| Market cap | $257M | $327M | $5.4B | $1261 |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2024 |