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.
FTCO · Materials · No 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%.
HPK · 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 | FTCO | HPK | WSTRF | FMC |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 40 (highest) | 39 | 39 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 15 | 50 (highest) | 50 (highest) | 15 |
| Pricing power | 65 | — | 68 (highest) | 64 |
| Returns on capital | — | 54 (highest) | 0 | 32 |
| Balance-sheet safety | 78 (highest) | 30 | 55 | 28 |
| Capital allocation | 0 | 24 | 24 | 57 (highest) |
| 36% below value if growth stopped today | 9% below value if growth stopped today | No price data | 83% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $114M | $959M | $25.5M | $1.4B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |