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.
HNIT · Technology · Shallow 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%.
ROC · Technology · Shallow 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 | MRVL | HNIT | WETH | ROC |
|---|---|---|---|---|
| Moat Score (0–100) | 54 (highest) | 54 (highest) | 54 (highest) | 54 (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 | 75 (highest) | 20 | 15 | 50 |
| Pricing power | 78 | 100 (highest) | 54 | 94 |
| Returns on capital | 0 | — | 100 (highest) | — |
| Balance-sheet safety | 56 | 55 | 100 (highest) | 28 |
| Capital discipline | 60 (highest) | 42 | 0 | 44 |
| Price vs. high estimate | No price data | No price data | 83% below high estimate | No price data |
| Market cap | $164.6B | $445M | $15.2M | $66.7M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |