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 | IOSP | WMS | HCC | FCX |
|---|---|---|---|---|
| Moat Score (0–100) | 59 (highest) | 59 (highest) | 59 (highest) | 58 |
| Pricing power | 46 | 31 | 48 (highest) | 19 |
| Returns on capital | 52 | 75 | 92 (highest) | 85 |
| Balance-sheet safety | 100 (highest) | 77 | 62 | 91 |
| Capital discipline | 46 | 60 (highest) | 23 | 44 |
| Margin of safety | Around fair value (highest margin of safety) | 32% above value | 49% above value | No price data |
| Market cap | $2.1B | $10.7B | $4.1B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |