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.
| Measure | THRY | CIEN | MCHX | CEVA |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (highest) |
| Pricing power | 98 | 72 | 87 | 100 (highest) |
| Returns on capital | 29 | 36 (highest) | 0 | 0 |
| Balance-sheet safety | 20 | 25 | 55 (highest) | 55 (highest) |
| Capital discipline | 20 | 42 | 44 (highest) | 24 |
| Margin of safety | 106% above value (highest margin of safety) | 7554% above value | No price data | No price data |
| Market cap | $168.5M | $52.8B | — | $1.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |