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.
UG · Materials · Narrow moat
On the watchlist
The businessTrend component abstained: Only one aligned fiscal year of revenue and diluted EPS is available; a trend needs at least two observations. The other four 20% weights were renormalized over the scored 80%.
PPG · Materials · Narrow moat
On the watchlist
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | HAL | UG | SKY | PPG |
|---|---|---|---|---|
| Moat Score (0–100) | 72 | 73 (highest) | 72 | 72 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 (highest) | — | 51 | 50 |
| Pricing power | 100 (highest) | 60 | 20 | 68 |
| Returns on capital | 59 | 100 (highest) | 97 | 92 |
| Balance-sheet safety | 80 | 100 (highest) | 100 (highest) | — |
| Capital allocation | 51 | 30 | 93 (highest) | 79 |
| 57% above value if growth stopped today | 10% above value if growth stopped today (largest discount to value if growth stopped today) | 70% above value if growth stopped today | 66% above value if growth stopped today | |
| Market cap | $27.4B | $32M | $4.2B | $23.4B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |