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 | LUMN | SHEN | VSAT | SPIR |
|---|---|---|---|---|
| Moat Score (0–100) | 33 | 35 (highest) | 35 (highest) | 32 |
| Pricing power | 82 | 100 (highest) | 100 (highest) | 39 |
| Returns on capital | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Balance-sheet safety | 0 | 0 | 0 | 55 (highest) |
| Capital discipline | 44 (highest) | 24 | 24 | 44 (highest) |
| Margin of safety | No price data | 600% above value | No price data | No price data |
| Market cap | $6.4B | $624.8M | $9.8B | $387.9M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |