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.

Entegris, Inc.

ENTG · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

Rogers Corporation

ROG · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

FMC CORPORATION

FMC · Materials · Shallow moat

Shallow moat

On the watchlist

HNI Corporation

HNI · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	ENTG	ROG	FMC	HNI
Moat Score (0–100)	47	48 (highest)	47	46
Pricing power	76 (highest)	57	64	61
Returns on capital	48	34	36	53 (highest)
Balance-sheet safety	1	55 (highest)	28	40
Capital discipline	46	46	57 (highest)	21
Margin of safety	705% above value	274% above value	83% below value (highest margin of safety)	77% above value
Market cap	$21.1B	$2.4B	$1.4B	$3.0B
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.