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 | MLM | NOG | TTI | SCHL |
|---|---|---|---|---|
| Moat Score (0–100) | 43 | 44 (highest) | 43 | 43 |
| Pricing power | 37 | 92 (highest) | 5 | 90 |
| Returns on capital | 29 | 39 | 68 (highest) | 4 |
| Balance-sheet safety | 31 | 0 | 84 (highest) | 29 |
| Capital discipline | 87 (highest) | 24 | 24 | 44 |
| Margin of safety | 66% above value (highest margin of safety) | No price data | 333% above value | No price data |
| Market cap | $33.9B | $2.1B | $1.2B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |