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.
ICE · Other · 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%.
BEN · Other · 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%.
RPC · Other · 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 | ICE | ABX | BEN | RPC |
|---|---|---|---|---|
| Moat Score (0–100) | 48 | 50 (highest) | 50 (highest) | 46 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 62 | 57 | 32 | 95 (highest) |
| Pricing power | — | 100 | — | — |
| Returns on capital | 18 | 24 | 64 (highest) | 10 |
| Balance-sheet safety | 25 | 9 | 66 (highest) | 4 |
| Capital discipline | 85 (highest) | 60 | 37 | 74 |
| Price vs. high estimate | 91% above high estimate | 310% above high estimate | 73% above high estimate (largest discount to high estimate) | No price data |
| Market cap | $82.7B | $1.0B | $16.9B | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |