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.
HNNA · Other · 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%.
SIEB · Other · 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%.
SNEX · Other · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | HNNA | SIEB | SNEX | ABX |
|---|---|---|---|---|
| Moat Score (0–100) | 50 | 51 (highest) | 50 | 50 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 53 | 22 | 71 (highest) | 57 |
| Pricing power | — | — | 70 | 100 (highest) |
| Returns on capital | 93 (highest) | 56 | 0 | 24 |
| Balance-sheet safety | 37 | 100 (highest) | — | 9 |
| Capital allocation | 17 | 24 | 60 (highest) | 60 (highest) |
| Around the value if growth stopped today | 13% below value if growth stopped today (largest discount to value if growth stopped today) | 44% above value if growth stopped today | 310% above value if growth stopped today | |
| Market cap | $77.5M | $67.1M | $3.9B | $1.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |