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.
BSET · Materials · Shallow moat
Doesn't clear the bar
| Measure | AXIL | RSRV | BSET | NCSM |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 54 (highest) | 54 (highest) | 52 |
| Pricing power | 79 | 90 (highest) | 87 | 64 |
| Returns on capital | 15 (highest) | 7 | 15 (highest) | 4 |
| Balance-sheet safety | 100 (highest) | 73 | 73 | 100 (highest) |
| Capital discipline | 24 | 52 | 41 | 60 (highest) |
| Margin of safety | 308% above value | 29% below value (highest margin of safety) | 62% above value | 358% above value |
| Market cap | $38.7M | $33.3M | $186.9M | $111.0M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |