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 | QBTS | ALMU | FIRY | MAN |
|---|---|---|---|---|
| Moat Score (0–100) | 43 (highest) | 43 (highest) | 43 (highest) | 42 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 50 | 70 (highest) | 15 | 28 |
| Pricing power | 83 | 44 | 99 (highest) | 31 |
| Returns on capital | 0 | 0 | 0 | 60 (highest) |
| Balance-sheet safety | 55 (highest) | 55 (highest) | 55 (highest) | 53 |
| Capital allocation | 24 | 44 (highest) | 44 (highest) | 40 |
| No price data | No price data | No price data | 19% above value if growth stopped today | |
| Market cap | $5.8B | $226M | Not reported | $2.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |