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.
LTBR · Materials · Shallow moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
| Measure | LYB | LTBR | NBR | HXL |
|---|---|---|---|---|
| Moat Score (0–100) | 41 | 42 (highest) | 42 (highest) | 41 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 10 | — | 80 | 89 (highest) |
| Pricing power | 7 | 68 (highest) | 60 | 29 |
| Returns on capital | 97 (highest) | 0 | 7 | 28 |
| Balance-sheet safety | 28 | 55 (highest) | 36 | 18 |
| Capital allocation | 64 (highest) | 44 | 24 | 40 |
| 18% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | 374% above value if growth stopped today | |
| Market cap | $19.4B | $251M | $1.3B | $8.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |