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.
BTU · Materials · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
DQWS · 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 | BTU | ENTG | DQWS | OEC |
|---|---|---|---|---|
| Moat Score (0–100) | 42 (highest) | 42 (highest) | 42 (highest) | 42 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 33 | 47 | 57 (highest) | 38 |
| Pricing power | — | 76 (highest) | 15 | 37 |
| Returns on capital | 56 (highest) | 41 | — | 40 |
| Balance-sheet safety | 55 (highest) | 1 | 55 (highest) | 40 |
| Capital allocation | 24 | 46 | 41 | 55 (highest) |
| No price data | 649% above value if growth stopped today | 2498% above value if growth stopped today | 66% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | Not reported | $19.6B | $6.4M | $393M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |