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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

MATV · Materials · No moat

20/ 100
No moat

Doesn't clear the bar

HLX · Materials · No moat

20/ 100
No moat

Doesn't clear the bar

HYMC · Materials · No moat

20/ 100
No moat

Doesn't clear the bar

CEIN · Materials · No moat

20/ 100
No moat

Doesn't clear the bar

MeasureMATVHLXHYMCCEIN
Moat Score (0–100)20 (highest)20 (highest)20 (highest)20 (highest)
Pricing power20 (highest)0018
Returns on capital11 (highest)000
Balance-sheet safety2855 (highest)55 (highest)28
Capital discipline2444 (highest)44 (highest)44 (highest)
Margin of safetyAround fair value41% below value (highest margin of safety)No price dataNo price data
Market cap$438.5M$1.4B$1.6B
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025