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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

FCEL · Industrials · No moat

No moat

Doesn't clear the bar

ORN · Industrials · No moat

No moat

Doesn't clear the bar

OIS · Industrials · No moat

No moat

Doesn't clear the bar

CEPL · Industrials · No moat

No moat

Doesn't clear the bar

MeasureFCELORNOISCEPL
Moat Score (0–100)2627 (highest)27 (highest)26
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend6078 (highest)4352
Pricing power0011 (highest)0
Returns on capital04 (highest)00
Balance-sheet safety285255 (highest)55 (highest)
Capital allocation44 (highest)02424
No price dataNo price data683% above value if growth stopped todayNo price data
Market cap$980M$506M$517MNot reported
Moat tierNo moatNo moatNo moatNo moat
Filing dateFY2025FY2025FY2025FY2026