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.
SAMG · Other · Shallow moat
On the watchlist
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%.
HNNA · 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 | SAMG | RILY | HNNA | HKHC |
|---|---|---|---|---|
| Moat Score (0–100) | 58 | 62 (highest) | 58 | 57 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 53 | 59 | 87 (highest) | 70 |
| Pricing power | — | 94 (highest) | — | 43 |
| Returns on capital | 100 (highest) | 96 | 93 | 11 |
| Balance-sheet safety | 73 | 0 | 37 | 100 (highest) |
| Capital discipline | 5 | 60 (highest) | 17 | 60 (highest) |
| Price vs. high estimate | 36% below high estimate (largest discount to high estimate) | No price data | 14% below high estimate | No price data |
| Market cap | $85.8M | $209.9M | $78.7M | $482.5M |
| Moat tier | Shallow moat | Narrow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |