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 | LODE | IDR | EQT | VIRC |
|---|---|---|---|---|
| Moat Score (0–100) | 44 (highest) | 44 (highest) | 44 (highest) | 44 (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 | 85 (highest) | 67 | 59 |
| Pricing power | 70 | 0 | 74 (highest) | 56 |
| Returns on capital | 0 | 11 (highest) | 4 | 11 (highest) |
| Balance-sheet safety | 55 | 100 (highest) | 50 | 80 |
| Capital allocation | 44 (highest) | 24 | 24 | 12 |
| No price data | 2066% above value if growth stopped today | 72% above value if growth stopped today | 52% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $156M | $446M | $33.1B | $94.6M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |