The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | FTEK | KBR | VECO | ASYS |
|---|---|---|---|---|
| Moat Score (0–100) | 35 (highest) | 35 (highest) | 35 (highest) | 34 |
| Pricing power | 62 | 0 | 66 (highest) | 56 |
| Returns on capital | 0 | 52 (highest) | 4 | 4 |
| Balance-sheet safety | 55 (highest) | 32 | 44 | 55 (highest) |
| Capital discipline | 24 | 64 (highest) | 24 | 26 |
| Margin of safety | No price data | 4% below value (highest margin of safety) | 347% above value | No price data |
| Market cap | $47.5M | $4.4B | $3.2B | $239.3M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |