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.
FSI · Materials · Shallow moat
Doesn't clear the bar
AR · Materials · Shallow 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%.
REYN · Materials · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | FSI | TTI | AR | REYN |
|---|---|---|---|---|
| Moat Score (0–100) | 45 | 46 (highest) | 45 | 45 |
| 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 | 60 (highest) | 40 | 50 |
| Pricing power | 45 (highest) | 5 | — | 35 |
| Returns on capital | 50 | 56 (highest) | 4 | — |
| Balance-sheet safety | 91 (highest) | 84 | 90 | 32 |
| Capital allocation | 0 | 24 | 48 | 64 (highest) |
| 89% above value if growth stopped today | 289% above value if growth stopped today | 229% above value if growth stopped today | 52% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $63.7M | $1.1B | $10.9B | $5.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |