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 | ASPN | TRS | TRT | ATER |
|---|---|---|---|---|
| Moat Score (0–100) | 31 | 32 (highest) | 32 (highest) | 31 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 55 (highest) | 55 (highest) | 48 | 20 |
| Pricing power | 3 | 36 | 34 | 66 (highest) |
| Returns on capital | 0 | 3 (highest) | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 1 | 55 (highest) | 28 |
| Capital allocation | 44 | 64 (highest) | 20 | 44 |
| No price data | 101% above value if growth stopped today (largest discount to value if growth stopped today) | 126% above value if growth stopped today | No price data | |
| Market cap | $447M | $1.5B | $53.6M | $5.9M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |