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.
FUL · Materials · No moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
TALO · 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%.
MP · 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 | FUL | TALO | NESR | MP |
|---|---|---|---|---|
| Moat Score (0–100) | 33 (highest) | 33 (highest) | 33 (highest) | 33 (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 | 44 | 44 | 85 (highest) | 20 |
| Pricing power | 46 (highest) | — | 18 | — |
| Returns on capital | 7 | 37 (highest) | 9 | 12 |
| Balance-sheet safety | — | 28 | 47 | 55 (highest) |
| Capital allocation | 34 | 24 | 5 | 44 (highest) |
| 40% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 260% above value if growth stopped today | 3479% above value if growth stopped today | |
| Market cap | $2.9B | Not reported | $3.5B | $9.7B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |