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.
| Measure | HXL | NBR | LYB | CE |
|---|---|---|---|---|
| Moat Score (0–100) | 41 | 42 (highest) | 41 | 41 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 89 (highest) | 80 | 10 | 41 |
| Pricing power | 29 | 60 (highest) | 7 | 35 |
| Returns on capital | 28 | 7 | 97 (highest) | 38 |
| Balance-sheet safety | 18 | 36 (highest) | 28 | 28 |
| Capital allocation | 40 | 24 | 64 (highest) | 64 (highest) |
| 374% above value if growth stopped today | No price data | 18% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $8.3B | $1.3B | $19.4B | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |