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 | MAN | EXTR | BLIN | ENPH |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (highest) |
| Pricing power | 31 | 91 (highest) | 88 | 41 |
| Returns on capital | 60 (highest) | 11 | 0 | 58 |
| Balance-sheet safety | 53 | 55 | 55 | 58 (highest) |
| Capital discipline | 40 | 24 | 44 (highest) | 24 |
| Margin of safety | 21% above value (highest margin of safety) | No price data | No price data | 43% above value |
| Market cap | $2.4B | $4.0B | $14.9M | $5.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |