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.
| Measure | AREB | FCEL | CEPL | HURC |
|---|---|---|---|---|
| Moat Score (0–100) | 26 (highest) | 26 (highest) | 26 (highest) | 26 (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 | 50 | 60 (highest) | 52 | 20 |
| Pricing power | 9 | 0 | 0 | 30 (highest) |
| Returns on capital | 0 | 0 | 0 | 4 (highest) |
| Balance-sheet safety | 28 | 28 | 55 (highest) | 28 |
| Capital allocation | 44 | 44 | 24 | 49 (highest) |
| No price data | No price data | No price data | 70% above value if growth stopped today | |
| Market cap | $723 | $980M | Not reported | $136M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |