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.
GOGO · 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%.
SGA · 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%.
| Measure | GOGO | HWNI | LILA | SGA |
|---|---|---|---|---|
| Moat Score (0–100) | 33 (highest) | 33 (highest) | 33 (highest) | 32 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 55 (highest) | 33 | 36 | 29 |
| Pricing power | — | 27 | 100 (highest) | — |
| Returns on capital | 52 (highest) | — | 0 | 8 |
| Balance-sheet safety | 0 | 28 | 0 | 55 (highest) |
| Capital allocation | 24 | 44 (highest) | 28 | 36 |
| 50% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | 47% below value if growth stopped today | |
| Market cap | $512M | $163014 | $1.5B | $54.6M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2024 | FY2025 | FY2025 |