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.
WATT · Technology · Shallow 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 | WATT | NEON | TTMI | CERT |
|---|---|---|---|---|
| Moat Score (0–100) | 48 (highest) | 48 (highest) | 48 (highest) | 48 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 60 | 20 | 88 (highest) | 63 |
| Pricing power | 33 | 96 | 29 | 100 (highest) |
| Returns on capital | — | 0 | 42 (highest) | 0 |
| Balance-sheet safety | 55 | 100 (highest) | 37 | 40 |
| Capital discipline | 44 (highest) | 24 | 44 (highest) | 36 |
| Price vs. high estimate | No price data | No price data | 1199% above high estimate | 561% above high estimate (largest discount to high estimate) |
| Market cap | $33.3M | $14.2M | $13.8B | $1.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |