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.
| Measure | IAUX | VRDR | ATLX | NCL |
|---|---|---|---|---|
| Moat Score (0–100) | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 50 | 70 (highest) | 50 | 20 |
| Pricing power | 0 | 0 | 0 | 17 (highest) |
| Returns on capital | 0 | 0 | 0 | 12 (highest) |
| Balance-sheet safety | 28 (highest) | 28 (highest) | 28 (highest) | 28 (highest) |
| Capital allocation | 44 (highest) | 24 | 44 (highest) | 44 (highest) |
| No price data | No price data | No price data | No price data | |
| Market cap | $1.1B | $75.8M | $75.2M | $8.8M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2024 |