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.
RDCT · Communications · 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%.
HWNI · Communications · 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%.
UNIT · Communications · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
SEG · Communications · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | RDCT | HWNI | UNIT | SEG |
|---|---|---|---|---|
| Moat Score (0–100) | 37 | 38 (highest) | 38 (highest) | 37 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 70 | 55 | 85 (highest) | 50 |
| Pricing power | 0 | 27 (highest) | — | — |
| Returns on capital | — | — | 42 (highest) | 0 |
| Balance-sheet safety | 55 (highest) | 28 | 0 | 55 (highest) |
| Capital discipline | 24 | 44 (highest) | 24 | 44 (highest) |
| Price vs. high estimate | No price data | No price data | 147% above high estimate | No price data |
| Market cap | — | $163014 | $2.6B | $332.5M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2023 | FY2024 | FY2025 | FY2025 |