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.
ATHR · Technology · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | SUNB | ATHR | APG | NTWK |
|---|---|---|---|---|
| Moat Score (0–100) | 56 (highest) | 56 (highest) | 56 (highest) | 55 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 20 | 22 | 55 | 74 (highest) |
| Pricing power | 97 | 100 (highest) | 29 | 71 |
| Returns on capital | 55 (highest) | — | 35 | 19 |
| Balance-sheet safety | 77 | 78 | 100 (highest) | 100 (highest) |
| Capital allocation | 29 | 24 | 60 (highest) | 13 |
| 80% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 315% above value if growth stopped today | 159% above value if growth stopped today | |
| Market cap | $31.0B | $50.3M | $17.1B | $51.2M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |