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 | RCON | NC | ARQ | SND |
|---|---|---|---|---|
| Moat Score (0–100) | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Pricing power | 27 | 0 | 46 (highest) | 0 |
| Returns on capital | 0 | 49 (highest) | 0 | 11 |
| Balance-sheet safety | 55 (highest) | 45 | 28 | 55 (highest) |
| Capital discipline | 24 | 2 | 24 | 48 (highest) |
| Margin of safety | No price data | 4% below value (highest margin of safety) | No price data | 28% above value |
| Market cap | $2.4M | $358.9M | $88.0M | $185.8M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2016 | FY2025 | FY2025 | FY2025 |