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 | JHX | FBIN | FLXS | DLX |
|---|---|---|---|---|
| Moat Score (0–100) | 40 | 41 (highest) | 40 | 40 |
| Pricing power | 64 | 48 | 21 | 92 (highest) |
| Returns on capital | 70 (highest) | 54 | 27 | 16 |
| Balance-sheet safety | 0 | 6 | 73 (highest) | 3 |
| Capital discipline | 0 | 44 | 58 (highest) | 35 |
| Margin of safety | 218% above value | 99% above value | 249% above value | 32% below value (highest margin of safety) |
| Market cap | $15.0B | $6.2B | $387.3M | $1.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | No moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |