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 | VSEC | ACM | F | VNCE |
|---|---|---|---|---|
| Moat Score (0–100) | 39 (highest) | 39 (highest) | 39 (highest) | 39 (highest) |
| Pricing power | 100 (highest) | 5 | 10 | 72 |
| Returns on capital | 4 | 34 | 72 (highest) | 4 |
| Balance-sheet safety | 37 | 51 (highest) | 28 | 35 |
| Capital discipline | 1 | 85 (highest) | 44 | 44 |
| Margin of safety | 755% above value | 45% above value (highest margin of safety) | No price data | No price data |
| Market cap | $4.7B | $9.0B | — | $82.7M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |