The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | SMRT | LASR | KUST | TEAD |
|---|---|---|---|---|
| Moat Score (0–100) | 21 (highest) | 21 (highest) | 21 (highest) | 21 (highest) |
| Pricing power | 0 | 29 (highest) | 21 | 21 |
| Returns on capital | 0 | 7 (highest) | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 28 | 28 | 28 |
| Capital discipline | 48 (highest) | 24 | 44 | 44 |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $182.9M | $3.5B | — | $75.9M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |