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.
HNIT · 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%.
RDVT · Technology · Shallow 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 | HNIT | RDVT | PUBM | WETH |
|---|---|---|---|---|
| Moat Score (0–100) | 54 | 55 (highest) | 54 | 54 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 20 | 90 (highest) | 46 | 15 |
| Pricing power | 100 (highest) | — | 96 | 54 |
| Returns on capital | — | 4 | 30 | 100 (highest) |
| Balance-sheet safety | 55 | 100 (highest) | 55 | 100 (highest) |
| Capital allocation | 42 | 24 | 44 (highest) | 0 |
| No price data | 475% above value if growth stopped today | 163% above value if growth stopped today | 87% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $445M | $1.0B | $782M | $11.9M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |