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.
ZICX · 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%.
ENR · 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 | ZICX | COUR | FSLR | ENR |
|---|---|---|---|---|
| Moat Score (0–100) | 51 (highest) | 51 (highest) | 51 (highest) | 51 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 | 70 | 90 (highest) | 69 |
| Pricing power | 64 | 84 (highest) | 13 | 63 |
| Returns on capital | — | 0 | 12 (highest) | — |
| Balance-sheet safety | 28 | 55 | 100 (highest) | 2 |
| Capital allocation | 40 | 44 | 38 | 68 (highest) |
| No price data | No price data | 108% above value if growth stopped today | No price data | |
| Market cap | $3M | $855M | $19.2B | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |