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.
TDS · Communications · Shallow moat
Doesn't clear the bar
| Measure | SPIR | DKNG | TDS | ATEX |
|---|---|---|---|---|
| Moat Score (0–100) | 42 (highest) | 42 (highest) | 42 (highest) | 42 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 | 70 | 20 | 80 (highest) |
| Pricing power | 39 | 60 | 100 (highest) | 0 |
| Returns on capital | 0 | 0 | 0 | 4 (highest) |
| Balance-sheet safety | 55 | 55 | 51 | 100 (highest) |
| Capital allocation | 44 (highest) | 24 | 37 | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $351M | $11.4B | $3.9B | $1.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |