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.
EP · Materials · No moat
Doesn't clear the bar
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%.
NGS · Materials · No moat
Doesn't clear the bar
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%.
SDRL · Materials · No moat
Doesn't clear the bar
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 | EP | NGS | SDRL | PRM |
|---|---|---|---|---|
| Moat Score (0–100) | 36 | 37 (highest) | 36 | 36 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 41 | 85 (highest) | 24 | 43 |
| Pricing power | — | — | — | 53 |
| Returns on capital | 4 | 0 | 37 (highest) | 0 |
| Balance-sheet safety | 55 (highest) | 29 | 42 | 28 |
| Capital allocation | 44 | 32 | 43 | 56 (highest) |
| No price data | 769% above value if growth stopped today | 16% below value if growth stopped today (largest discount to value if growth stopped today) | 443% above value if growth stopped today | |
| Market cap | $88.9M | $459M | $2.8B | $5.0B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |