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 | TOON | CLUS | SURG | IRDM |
|---|---|---|---|---|
| Moat Score (0–100) | 17 | 20 (highest) | 20 (highest) | 20 (highest) |
| Pricing power | 10 (highest) | 0 | 0 | 9 |
| Returns on capital | 0 | 0 | 18 (highest) | 0 |
| Balance-sheet safety | 28 | 55 (highest) | 28 | 39 |
| Capital discipline | 44 | 44 | 44 | 46 (highest) |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $34.6M | — | $6.6M | — |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |