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.
| Measure | EQT | REI | IDR | LODE |
|---|---|---|---|---|
| Moat Score (0–100) | 44 (highest) | 44 (highest) | 44 (highest) | 44 (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 | 67 | 50 | 85 (highest) | 50 |
| Pricing power | 74 | 87 (highest) | 0 | 70 |
| Returns on capital | 4 | 13 (highest) | 11 | 0 |
| Balance-sheet safety | 50 | 28 | 100 (highest) | 55 |
| Capital allocation | 24 | 44 (highest) | 24 | 44 (highest) |
| 72% above value if growth stopped today | 65% below value if growth stopped today (largest discount to value if growth stopped today) | 2066% above value if growth stopped today | No price data | |
| Market cap | $33.1B | $264M | $446M | $156M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |