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 | NCL | WBTN | MOS | LQMT |
|---|---|---|---|---|
| Moat Score (0–100) | 23 (highest) | 23 (highest) | 23 (highest) | 23 (highest) |
| Pricing power | 17 | 42 (highest) | 0 | 14 |
| Returns on capital | 12 (highest) | 0 | 7 | 0 |
| Balance-sheet safety | 28 | 28 | 23 | 55 (highest) |
| Capital discipline | 44 | 24 | 81 (highest) | 37 |
| Margin of safety | No price data | No price data | 46% below value | No price data |
| Market cap | $8.8M | $1.4B | $7.0B | $192.6M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2024 | FY2025 | FY2025 | FY2025 |