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.
SM · Materials · Narrow moat
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The capitalDiscipline component abstained: Not enough owner-earnings history to score capital discipline. The other four 20% weights were renormalized over the scored 80%.
| Measure | CROX | CDE | SM | IOSP |
|---|---|---|---|---|
| Moat Score (0–100) | 60 | 61 (highest) | 60 | 60 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 | 70 | 75 (highest) | 71 |
| Pricing power | 84 | 65 | 86 (highest) | 46 |
| Returns on capital | 93 (highest) | 9 | 43 | 38 |
| Balance-sheet safety | 0 | 100 (highest) | 37 | 100 (highest) |
| Capital allocation | 64 (highest) | 60 | — | 46 |
| 24% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | 78% above value if growth stopped today | |
| Market cap | $6.1B | $12.7B | $4.2B | $2.3B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |