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.
SNEX · Other · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
WHG · 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%.
ALTI · Other · 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 | SNEX | ABX | WHG | ALTI |
|---|---|---|---|---|
| Moat Score (0–100) | 44 | 50 (highest) | 45 | 40 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 46 | 57 | 52 | 60 (highest) |
| Pricing power | 70 | 100 (highest) | — | — |
| Returns on capital | 0 | 24 (highest) | 11 | 0 |
| Balance-sheet safety | — | 9 | 100 (highest) | 55 |
| Capital discipline | 60 (highest) | 60 (highest) | 18 | 44 |
| Price vs. high estimate | 37% above high estimate (largest discount to high estimate) | 305% above high estimate | No price data | No price data |
| Market cap | $3.7B | $1.0B | — | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |