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.
VEEA · 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%.
NSP · 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 | WHEN | CNXC | VEEA | NSP |
|---|---|---|---|---|
| Moat Score (0–100) | 40 | 41 (highest) | 40 | 40 |
| 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) | 55 | 20 | 56 |
| Pricing power | 70 (highest) | 62 | 70 (highest) | 26 |
| Returns on capital | 0 | 34 (highest) | — | — |
| Balance-sheet safety | 28 | 28 | 28 | 55 (highest) |
| Capital allocation | 44 (highest) | 24 | 44 (highest) | 23 |
| No price data | 77% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | 26% above value if growth stopped today | |
| Market cap | $55.1M | $1.4B | $8M | $1.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2024 | FY2025 | FY2025 | FY2025 |