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.
BSAI · Materials · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | BSAI | FMC | EPC | LBRT |
|---|---|---|---|---|
| Moat Score (0–100) | 44 (highest) | 44 (highest) | 44 (highest) | 44 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 50 | 40 | 27 | 53 (highest) |
| Pricing power | 55 | 64 | 73 (highest) | 9 |
| Returns on capital | — | 32 | 53 | 65 (highest) |
| Balance-sheet safety | 28 | 28 | 28 | 50 (highest) |
| Capital discipline | 44 | 57 (highest) | 40 | 44 |
| Price vs. high estimate | No price data | 84% below high estimate (largest discount to high estimate) | 10% below high estimate | 13% above high estimate |
| Market cap | $174.9M | $1.4B | $1.3B | $4.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |