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.

TILLY'S, INC.

TLYS · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

NOCOPI TECHNOLOGIES, INC.

NNUP · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

STITCH FIX, INC.

SFIX · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

INGLES MARKETS, INCORPORATED

IMKTA · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	TLYS	NNUP	SFIX	IMKTA
Moat Score (0–100)	45	46 (highest)	45	45
Pricing power	46	70	76 (highest)	43
Returns on capital	38	47 (highest)	9	28
Balance-sheet safety	55	28	55	56 (highest)
Capital discipline	44	24	44	59 (highest)
Margin of safety	No price data	No price data	No price data	No price data
Market cap	—	$17.3M	$488.1M	—
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2026	FY2025	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.