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.
LYV · Communications · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
WMG · Communications · Shallow moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
CPLX · Communications · 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%.
ADEA · Communications · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | LYV | WMG | CPLX | ADEA |
|---|---|---|---|---|
| Moat Score (0–100) | 54 | 55 (highest) | 54 | 54 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 65 (highest) | — | 48 | 61 |
| Pricing power | — | 80 | 98 (highest) | — |
| Returns on capital | 40 | 57 (highest) | — | 55 |
| Balance-sheet safety | 52 (highest) | 14 | 28 | 41 |
| Capital allocation | 60 | 69 (highest) | 44 | 59 |
| 641% above value if growth stopped today | No price data | No price data | 64% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $40.8B | Not reported | Not reported | $2.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |