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.
LEU · Materials · No 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%.
NGS · Materials · No 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 | APD | LEU | JHIUF | NGS |
|---|---|---|---|---|
| Moat Score (0–100) | 37 (highest) | 37 (highest) | 37 (highest) | 37 (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 | 53 | 55 | 50 | 85 (highest) |
| Pricing power | 51 | 17 | 64 (highest) | — |
| Returns on capital | 41 | — | 70 (highest) | 0 |
| Balance-sheet safety | 0 | 31 (highest) | 0 | 29 |
| Capital allocation | 39 | 44 (highest) | 0 | 32 |
| 163% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 215% above value if growth stopped today | 638% above value if growth stopped today | |
| Market cap | $66.0B | Not reported | $14.8B | $389M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |