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.
| Measure | SMCI | DV | PLTR | FATN |
|---|---|---|---|---|
| Moat Score (0–100) | 64 | 65 (highest) | 64 | 64 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 95 (highest) | 90 | 85 | 47 |
| Pricing power | 19 | 100 (highest) | 95 | 100 (highest) |
| Returns on capital | 48 | 8 | 18 | 76 (highest) |
| Balance-sheet safety | 100 (highest) | 73 | 100 (highest) | 72 |
| Capital allocation | 60 (highest) | 52 | 24 | 26 |
| 151% above value if growth stopped today | 124% above value if growth stopped today | 11499% above value if growth stopped today | 13% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $17.9B | $1.7B | $293.9B | $63.3M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |