The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | APOG | CDXS | OEC | NOG |
|---|---|---|---|---|
| Moat Score (0–100) | 44 | 45 (highest) | 44 | 44 |
| Pricing power | 36 | 97 (highest) | 37 | 92 |
| Returns on capital | 45 | 0 | 48 (highest) | 39 |
| Balance-sheet safety | 45 | 55 (highest) | 40 | 0 |
| Capital discipline | 53 | 24 | 55 (highest) | 24 |
| Margin of safety | 49% below value | No price data | 67% below value (highest margin of safety) | No price data |
| Market cap | $870.7M | $202.7M | $384.7M | $2.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |