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.
| Measure | NEON | ASFH | VIIQ | CIEN |
|---|---|---|---|---|
| Moat Score (0–100) | 48 (highest) | 48 (highest) | 48 (highest) | 48 (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 | 20 | 70 (highest) | 0 | 49 |
| Pricing power | 96 (highest) | 47 | 19 | 72 |
| Returns on capital | 0 | 0 | 100 (highest) | 33 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 78 | 37 |
| Capital allocation | 24 | 24 | 44 | 48 (highest) |
| No price data | No price data | 85% below value if growth stopped today (largest discount to value if growth stopped today) | 2504% above value if growth stopped today | |
| Market cap | $13M | $14.3M | $3.4M | $55.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |