The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | IRDM | CLUS | SURG | TOON |
|---|---|---|---|---|
| Moat Score (0–100) | 20 (highest) | 20 (highest) | 20 (highest) | 17 |
| Pricing power | 9 | 0 | 0 | 10 (highest) |
| Returns on capital | 0 | 0 | 18 (highest) | 0 |
| Balance-sheet safety | 39 | 55 (highest) | 28 | 28 |
| Capital discipline | 46 (highest) | 44 | 44 | 44 |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | — | — | $6.6M | $34.6M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |