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.
ASIX · Materials · Shallow moat
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The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | LBRT | ASIX | EPM | OII |
|---|---|---|---|---|
| Moat Score (0–100) | 47 (highest) | 47 (highest) | 47 (highest) | 47 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 65 | 30 | 70 | 84 (highest) |
| Pricing power | 9 | 9 | 74 (highest) | 0 |
| Returns on capital | 65 (highest) | — | 53 | 11 |
| Balance-sheet safety | 50 | 78 (highest) | 28 | 71 |
| Capital allocation | 44 | 72 (highest) | 11 | 67 |
| 18% below value if growth stopped today (largest discount to value if growth stopped today) | 7% below value if growth stopped today | 190% above value if growth stopped today | 364% above value if growth stopped today | |
| Market cap | $2.9B | $565M | $132M | $5.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |