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 | MATW | QNME | SPCE | BW |
|---|---|---|---|---|
| Moat Score (0–100) | 22 (highest) | 22 (highest) | 22 (highest) | 22 (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 | 30 (highest) | 20 | 20 | 26 |
| Pricing power | 52 (highest) | 8 | 19 | 12 |
| Returns on capital | 0 | 12 (highest) | 0 | 0 |
| Balance-sheet safety | 0 | 28 (highest) | 28 (highest) | 28 (highest) |
| Capital allocation | 28 | 44 (highest) | 44 (highest) | 44 (highest) |
| 366% above value if growth stopped today | No price data | No price data | No price data | |
| Market cap | $594M | $19.6M | $189M | $647M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |