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.
CG · Other · Shallow 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%.
COHN · Other · 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%.
LAZ · Other · 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 | RILY | CG | COHN | LAZ |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 55 (highest) | 53 | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 15 | 10 | 60 (highest) | 24 |
| Pricing power | 94 | 100 (highest) | — | — |
| Returns on capital | 96 | — | 38 | 97 (highest) |
| Balance-sheet safety | 0 | 48 | 55 (highest) | 51 |
| Capital allocation | 60 (highest) | 60 (highest) | 60 (highest) | 40 |
| No price data | 30% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 59% above value if growth stopped today | |
| Market cap | $211M | $16.2B | $28.7M | $5.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |