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.
KOAN · 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%.
SAIC · Technology · Shallow moat
Doesn't clear the bar
| Measure | KOAN | SAIC | COUR | SES |
|---|---|---|---|---|
| Moat Score (0–100) | 50 (highest) | 50 (highest) | 50 (highest) | 50 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 50 | 67 | 66 | 70 (highest) |
| Pricing power | 70 | 23 | 84 | 88 (highest) |
| Returns on capital | — | 45 (highest) | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 40 | 55 (highest) | 55 (highest) |
| Capital discipline | 24 | 73 (highest) | 44 | 35 |
| Price vs. high estimate | No price data | 17% above high estimate | No price data | No price data |
| Market cap | $61273 | $5.0B | $916.7M | $212.8M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2024 | FY2026 | FY2025 | FY2025 |