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 | LMB | STLD | SKAS | CXT |
|---|---|---|---|---|
| Moat Score (0–100) | 56 (highest) | 56 (highest) | 56 (highest) | 55 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 94 (highest) | 24 | 25 | 51 |
| Pricing power | 4 | 5 | 62 (highest) | 40 |
| Returns on capital | 35 | 76 | 80 (highest) | 62 |
| Balance-sheet safety | 85 (highest) | 77 | 55 | 65 |
| Capital allocation | 60 | 97 (highest) | 55 | 59 |
| 185% above value if growth stopped today | 32% above value if growth stopped today | 52% below value if growth stopped today (largest discount to value if growth stopped today) | 16% above value if growth stopped today | |
| Market cap | $846M | $35.8B | $6.7M | $3.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |