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.
NTSK · Technology · Narrow moat
On the watchlist
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%.
RMNI · Technology · Narrow moat
On the watchlist
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 | NTSK | NOVT | APPF | RMNI |
|---|---|---|---|---|
| Moat Score (0–100) | 66 | 67 (highest) | 66 | 66 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 | 69 | 90 (highest) | 46 |
| Pricing power | 96 | 73 | 100 (highest) | 100 (highest) |
| Returns on capital | — | 18 (highest) | 14 | — |
| Balance-sheet safety | 55 | 100 (highest) | 100 (highest) | 74 |
| Capital allocation | 44 | 73 (highest) | 28 | 44 |
| No price data | 354% above value if growth stopped today | 2282% above value if growth stopped today | 40% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $2.5B | $5.0B | $6.0B | $404M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |