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.
SALM · 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%.
IHRT · 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%.
GTN · 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%.
SBGI · 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 | SALM | IHRT | GTN | SBGI |
|---|---|---|---|---|
| Moat Score (0–100) | 18 | 19 (highest) | 18 | 17 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 42 | 32 | 55 (highest) | 15 |
| Pricing power | — | — | — | — |
| Returns on capital | 4 | 4 | 17 | 19 (highest) |
| Balance-sheet safety | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Capital discipline | 26 | 38 (highest) | 0 | 36 |
| Price vs. high estimate | No price data | No price data | No price data | 10% below high estimate |
| Market cap | $25.6M | — | — | $974.6M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2022 | FY2025 | FY2025 | FY2025 |