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.
HSCS · Other · 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 | RIOT | HSCS | SBET | MSTR |
|---|---|---|---|---|
| Moat Score (0–100) | 37 | 38 (highest) | 37 | 36 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 (highest) | 20 | 57 | 27 |
| Pricing power | 52 | 79 | 35 | 97 (highest) |
| Returns on capital | 0 | — | 0 | 7 (highest) |
| Balance-sheet safety | 28 | 28 | 55 (highest) | 28 |
| Capital allocation | 44 (highest) | 24 | 39 | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $8.0B | $11.4M | $68M | $39.4B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |