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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

GSAT · Communications · Shallow moat

Shallow moat

Doesn't clear the bar

ASTS · Communications · Narrow moat

Narrow moat

On the watchlist

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%.

LTH · Communications · Narrow moat

Narrow moat

On the watchlist

CXDO · Communications · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureGSATASTSLTHCXDO
Moat Score (0–100)6063 (highest)6058
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend606085 (highest)80
Pricing power100 (highest)718081
Returns on capital0—07 (highest)
Balance-sheet safety957877100 (highest)
Capital allocation444460 (highest)24
No price dataNo price data961% above value if growth stopped today707% above value if growth stopped today (largest discount to value if growth stopped today)
Market cap$157.4B$11.4B$9.0B$175M
Moat tierShallow moatNarrow moatNarrow moatShallow moat
Filing dateFY2025FY2025FY2025FY2025