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.
SPHR · 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 | SPHR | LUMN | AREN | SHEN |
|---|---|---|---|---|
| Moat Score (0–100) | 35 | 36 (highest) | 35 | 35 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 66 (highest) | 52 | 65 | 51 |
| Pricing power | — | 82 | 37 | 100 (highest) |
| Returns on capital | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Balance-sheet safety | 15 | 0 | 31 (highest) | 0 |
| Capital discipline | 60 (highest) | 44 | 44 | 24 |
| Price vs. high estimate | No price data | No price data | No price data | 583% above high estimate |
| Market cap | $6.2B | $6.5B | $47.6M | $609.9M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |