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 | NXPL | AD | ROKU | AREN |
|---|---|---|---|---|
| Moat Score (0–100) | 28 | 31 (highest) | 31 (highest) | 26 |
| Pricing power | 26 | 75 (highest) | 64 | 37 |
| Returns on capital | 0 | 0 | 4 (highest) | 0 |
| Balance-sheet safety | 55 (highest) | 28 | 28 | 31 |
| Capital discipline | 44 (highest) | 17 | 24 | 44 (highest) |
| Margin of safety | No price data | 349% above value | No price data | No price data |
| Market cap | $155.5M | $3.0B | $21.4B | $48.5M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |