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 | PATH | PLAB | FRSH | STGW |
|---|---|---|---|---|
| Moat Score (0–100) | 59 (highest) | 59 (highest) | 59 (highest) | 59 (highest) |
| Pricing power | 100 (highest) | 21 | 100 (highest) | 58 |
| Returns on capital | 0 | 53 | 0 | 90 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 28 |
| Capital discipline | 44 | 83 (highest) | 44 | 44 |
| Margin of safety | No price data | 26% below value (highest margin of safety) | No price data | 18% below value |
| Market cap | $6.6B | $1.7B | $3.2B | $1.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |