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 | ATER | TRT | ASPN | BBCP |
|---|---|---|---|---|
| Moat Score (0–100) | 31 | 32 (highest) | 31 | 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 | 20 | 48 | 55 | 56 (highest) |
| Pricing power | 66 | 34 | 3 | 74 (highest) |
| Returns on capital | 0 | 0 | 0 | 5 (highest) |
| Balance-sheet safety | 28 | 55 (highest) | 55 (highest) | 1 |
| Capital allocation | 44 (highest) | 20 | 44 (highest) | 20 |
| No price data | 126% above value if growth stopped today | No price data | 47% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $5.9M | $53.6M | $447M | $468M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |