The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

TCX · Technology · No moat

27/ 100
No moat

Doesn't clear the bar

FOUR · Technology · No moat

27/ 100
No moat

Doesn't clear the bar

ONDS · Technology · No moat

27/ 100
No moat

Doesn't clear the bar

ONAR · Technology · No moat

26/ 100
No moat

Doesn't clear the bar

MeasureTCXFOURONDSONAR
Moat Score (0–100)27 (highest)27 (highest)27 (highest)26
Pricing power343742 (highest)18
Returns on capital160018 (highest)
Balance-sheet safety2802855 (highest)
Capital discipline3280 (highest)4424
Margin of safetyNo price dataNo price dataNo price dataNo price data
Market cap$113.6M$2.5B$266188
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025
TCX vs FOUR vs ONDS vs ONAR — Moat Score Comparison · Buy Like Buffett