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 | MIR | LGVN | NXTS | CODX |
|---|---|---|---|---|
| Moat Score (0–100) | 41 (highest) | 41 (highest) | 41 (highest) | 40 |
| Pricing power | 71 | 70 | 70 | 74 (highest) |
| Returns on capital | 0 | 0 | 0 | 8 (highest) |
| Balance-sheet safety | 53 | 55 (highest) | 55 (highest) | 55 (highest) |
| Capital discipline | 44 (highest) | 44 (highest) | 44 (highest) | 24 |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | — | $10.9B | $6.3M | $74 |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |