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 | MCHX | ENPH | CIEN | THRY |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (highest) |
| Pricing power | 87 | 41 | 72 | 98 (highest) |
| Returns on capital | 0 | 58 (highest) | 36 | 29 |
| Balance-sheet safety | 55 | 58 (highest) | 25 | 20 |
| Capital discipline | 44 (highest) | 24 | 42 | 20 |
| Margin of safety | No price data | 43% above value (highest margin of safety) | 7554% above value | 106% above value |
| Market cap | — | $5.4B | $52.8B | $168.5M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |