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.
SGA · 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%.
FBYD · 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 | SGA | FBYD | IRDM | GAME |
|---|---|---|---|---|
| Moat Score (0–100) | 34 (highest) | 34 (highest) | 34 (highest) | 33 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 35 | 85 (highest) | 76 | 57 |
| Pricing power | — | — | 9 | 38 (highest) |
| Returns on capital | 8 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 28 | 39 | 28 |
| Capital discipline | 36 | 24 | 46 (highest) | 44 |
| Price vs. high estimate | 45% below high estimate | No price data | No price data | No price data |
| Market cap | $56.6M | $425.1M | — | $38.0M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |