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.
AR · Materials · 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%.
REPX · Materials · Shallow moat
On the watchlist
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 | AR | NCSM | REPX | ATR |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 54 (highest) | 54 (highest) | 53 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 72 (highest) | 44 | 69 | 72 (highest) |
| Pricing power | — | 64 (highest) | — | 52 |
| Returns on capital | 4 | 0 | 55 (highest) | 32 |
| Balance-sheet safety | 90 | 100 (highest) | 47 | 55 |
| Capital discipline | 48 | 60 (highest) | 44 | 54 |
| Price vs. high estimate | 210% above high estimate | 341% above high estimate | 39% below high estimate (largest discount to high estimate) | 63% above high estimate |
| Market cap | $10.3B | $106.8M | $760.2M | $8.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |