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.
HNOI · Materials · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
AMR · Materials · Shallow moat
On the watchlist
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 | HNOI | AMR | SON | BRN |
|---|---|---|---|---|
| Moat Score (0–100) | 48 (highest) | 48 (highest) | 48 (highest) | 47 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 50 | 17 | 75 (highest) | 5 |
| Pricing power | 34 | — | 34 | 86 (highest) |
| Returns on capital | — | 77 | 24 | 88 (highest) |
| Balance-sheet safety | 55 (highest) | 55 (highest) | 26 | 33 |
| Capital allocation | 52 | 44 | 81 (highest) | 24 |
| No price data | 48% below value if growth stopped today (largest discount to value if growth stopped today) | 11% above value if growth stopped today | No price data | |
| Market cap | $9.8M | $1.8B | $5.7B | $13.4M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |