The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | ECL | FCX | VMC | CBT |
|---|---|---|---|---|
| Moat Score (0–100) | 58 (highest) | 58 (highest) | 58 (highest) | 57 |
| Pricing power | 70 (highest) | 19 | 42 | 37 |
| Returns on capital | 51 | 85 (highest) | 71 | 64 |
| Balance-sheet safety | 34 | 91 (highest) | 39 | 55 |
| Capital discipline | 75 | 44 | 82 (highest) | 79 |
| Margin of safety | 615% above value | No price data | 124% above value | 20% below value (highest margin of safety) |
| Market cap | $76.9B | — | $37.7B | $4.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |