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 | HL | NL | LWLG | FUST |
|---|---|---|---|---|
| Moat Score (0–100) | 37 (highest) | 37 (highest) | 37 (highest) | 37 (highest) |
| Pricing power | 11 | 52 | 70 | 87 (highest) |
| Returns on capital | 4 (highest) | 4 (highest) | 0 | 0 |
| Balance-sheet safety | 100 (highest) | 57 | 55 | 28 |
| Capital discipline | 60 (highest) | 43 | 24 | 24 |
| Margin of safety | No price data | 24% below value | No price data | No price data |
| Market cap | — | $288.3M | $909.9M | $1.1M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |