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.
FANG · 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 | FANG | ASPI | RIG | IPI |
|---|---|---|---|---|
| Moat Score (0–100) | 31 (highest) | 31 (highest) | 31 (highest) | 31 (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 | 50 | 50 | 60 (highest) | 52 |
| Pricing power | — | 27 | 44 (highest) | 5 |
| Returns on capital | 18 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 32 | 55 | 28 | 73 (highest) |
| Capital discipline | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Price vs. high estimate | 67% above high estimate | No price data | No price data | No price data |
| Market cap | $58.3B | $432M | $5.9B | $449M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |