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.
TOP · Other · No 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%.
HSCS · Other · No 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%.
| Measure | MIAX | DXR | TOP | HSCS |
|---|---|---|---|---|
| Moat Score (0–100) | 38 (highest) | 38 (highest) | 38 (highest) | 38 (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 | 60 (highest) | 0 | 54 | 20 |
| Pricing power | 27 | 91 (highest) | — | 79 |
| Returns on capital | 12 (highest) | 0 | 0 | — |
| Balance-sheet safety | 68 (highest) | 55 | 55 | 28 |
| Capital allocation | 24 | 45 (highest) | 44 | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $3.7B | $48.1M | $564M | $16.6M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2011 | FY2026 | FY2026 |