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.
ANNA · 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%.
| Measure | HCC | ESI | LEGH | ANNA |
|---|---|---|---|---|
| Moat Score (0–100) | 52 | 53 (highest) | 52 | 52 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 36 | 41 | 17 | 85 (highest) |
| Pricing power | 48 | 70 (highest) | 42 | — |
| Returns on capital | 92 (highest) | 0 | 55 | 0 |
| Balance-sheet safety | 62 | 72 | 73 | 100 (highest) |
| Capital allocation | 23 | 80 (highest) | 74 | 24 |
| 69% above value if growth stopped today | No price data | 7% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $4.7B | Not reported | $649M | $104M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |