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 | ARQ | PACK | NC | RCON |
|---|---|---|---|---|
| Moat Score (0–100) | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Pricing power | 46 | 60 (highest) | 0 | 27 |
| Returns on capital | 0 | 4 | 49 (highest) | 0 |
| Balance-sheet safety | 28 | 0 | 45 | 55 (highest) |
| Capital discipline | 24 (highest) | 24 (highest) | 2 | 24 (highest) |
| Margin of safety | No price data | No price data | 4% below value | No price data |
| Market cap | $88.0M | $574.7M | $358.9M | $2.4M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2016 |