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%.
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%.
SIEB · 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%.
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 | SNEX | SAMG | SIEB | HNNA |
|---|---|---|---|---|
| Moat Score (0–100) | 50 | 53 (highest) | 51 | 50 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 71 (highest) | 33 | 22 | 53 |
| Pricing power | 70 | — | — | — |
| Returns on capital | 0 | 100 (highest) | 56 | 93 |
| Balance-sheet safety | — | 73 | 100 (highest) | 37 |
| Capital allocation | 60 (highest) | 5 | 24 | 17 |
| 44% above value if growth stopped today | 34% below value if growth stopped today (largest discount to value if growth stopped today) | 13% below value if growth stopped today | Around the value if growth stopped today | |
| Market cap | $3.9B | $87.5M | $67.1M | $77.5M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |