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.
QMCO · Technology · No moat
Doesn't clear the bar
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%.
FRQN · Technology · No moat
Doesn't clear the bar
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 | QMCO | BTLN | ALGM | FRQN |
|---|---|---|---|---|
| Moat Score (0–100) | 39 (highest) | 39 (highest) | 39 (highest) | 39 (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 | 15 | 42 | 78 (highest) |
| Pricing power | 65 | 81 (highest) | 70 | 27 |
| Returns on capital | — | 0 | 28 (highest) | — |
| Balance-sheet safety | 28 | 78 (highest) | 36 | 28 |
| Capital allocation | 44 (highest) | 24 | 20 | 24 |
| No price data | No price data | 363% above value if growth stopped today | No price data | |
| Market cap | $268M | $11.6M | $6.1B | Not reported |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2026 | FY2026 | FY2026 | FY2024 |