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.
CNR · Materials · Narrow moat
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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%.
| Measure | ECL | CNR | NCSM | AXIL |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 59 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 92 (highest) | 55 | 75 | 78 |
| Pricing power | 70 | — | 64 | 79 (highest) |
| Returns on capital | 30 | 88 (highest) | 0 | 15 |
| Balance-sheet safety | 44 | 55 | 100 (highest) | 100 (highest) |
| Capital allocation | 62 (highest) | 42 | 60 | 24 |
| 348% above value if growth stopped today | 15% above value if growth stopped today (largest discount to value if growth stopped today) | 396% above value if growth stopped today | 320% above value if growth stopped today | |
| Market cap | $75.8B | $4.2B | $120M | $39.9M |
| Moat tier | Shallow moat | Narrow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |