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.
BSET · Materials · Shallow moat
Doesn't clear the bar
HNOI · 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 | BSET | HNOI | BRN | AXTA |
|---|---|---|---|---|
| Moat Score (0–100) | 47 | 48 (highest) | 47 | 47 |
| 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 | 50 | 5 | 83 (highest) |
| Pricing power | 87 (highest) | 34 | 86 | 55 |
| Returns on capital | 15 | — | 88 (highest) | 13 |
| Balance-sheet safety | 73 (highest) | 55 | 33 | 27 |
| Capital allocation | 41 | 52 | 24 | 59 (highest) |
| 46% above value if growth stopped today | No price data | No price data | No price data | |
| Market cap | $169M | $9.8M | $13.4M | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |