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.
FSI · Materials · Shallow moat
Doesn't clear the bar
REYN · 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 | EL | FSI | REYN | RES |
|---|---|---|---|---|
| Moat Score (0–100) | 45 (highest) | 45 (highest) | 45 (highest) | 45 (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 | 17 | 41 | 50 | 80 (highest) |
| Pricing power | 99 (highest) | 45 | 35 | 25 |
| Returns on capital | 62 (highest) | 50 | — | 22 |
| Balance-sheet safety | 23 | 91 (highest) | 32 | 59 |
| Capital allocation | 24 | 0 | 64 (highest) | 37 |
| 540% above value if growth stopped today | 126% above value if growth stopped today | 34% above value if growth stopped today | 30% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $37.1B | $76.5M | $4.7B | $1.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |