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.
CVAT · Agriculture · No 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 | TSNDF | CVAT | DMC | NCRA |
|---|---|---|---|---|
| Moat Score (0–100) | 34 | 39 (highest) | 35 | 34 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 (highest) | 20 | 57 | 60 (highest) |
| Pricing power | 77 | 84 (highest) | 11 | 0 |
| Returns on capital | 9 (highest) | — | 0 | 6 |
| Balance-sheet safety | 1 | 28 | 71 | 78 (highest) |
| Capital allocation | 24 | 24 | 35 (highest) | 24 |
| No price data | No price data | 28% above value if growth stopped today | No price data | |
| Market cap | $154M | $9.5M | $1.4B | $19.9M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |