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.
HP · 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%.
ALOY · Materials · No moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
NRIS · 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 | HP | ALOY | NRIS | ATLX |
|---|---|---|---|---|
| Moat Score (0–100) | 24 | 25 (highest) | 25 (highest) | 24 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 44 | — | 27 | 50 (highest) |
| Pricing power | — | 47 (highest) | — | 0 |
| Returns on capital | 4 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 14 | 28 (highest) | 28 (highest) | 28 (highest) |
| Capital discipline | 36 | 24 | 44 (highest) | 44 (highest) |
| Price vs. high estimate | 89% above high estimate | No price data | No price data | No price data |
| Market cap | $3.4B | $36.2M | $14.2M | $76.1M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |