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.
RELY · Technology · Shallow 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 | RELY | NET | SLAB | MBLY |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 78 (highest) | 60 | 42 | 58 |
| Pricing power | — | 100 (highest) | 97 | 74 |
| Returns on capital | 7 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 75 (highest) | 28 | 28 | 55 |
| Capital discipline | 24 | 44 | 64 (highest) | 44 |
| Price vs. high estimate | No price data | No price data | No price data | No price data |
| Market cap | $5.0B | $94.9B | $7.2B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |