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.
NUE · Industrials · Shallow moat
On the watchlist
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%.
HLMN · Industrials · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | AMSC | NUE | HLMN | ACA |
|---|---|---|---|---|
| Moat Score (0–100) | 44 | 45 (highest) | 45 (highest) | 44 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 80 | 19 | 69 | 88 (highest) |
| Pricing power | 14 | 0 | — | 33 (highest) |
| Returns on capital | 4 | — | 0 | 6 (highest) |
| Balance-sheet safety | 100 (highest) | 74 | 65 | 26 |
| Capital allocation | 24 | 86 (highest) | 44 | 69 |
| No price data | 15% above value if growth stopped today (largest discount to value if growth stopped today) | 177% above value if growth stopped today | 307% above value if growth stopped today | |
| Market cap | $1.3B | $58.0B | $1.4B | $7.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |