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.
MERC · Materials · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | MOS | JELD | MERC | FUST |
|---|---|---|---|---|
| Moat Score (0–100) | 28 (highest) | 28 (highest) | 28 (highest) | 28 (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 | 29 | 10 | 32 (highest) | 0 |
| Pricing power | 0 | 30 | — | 87 (highest) |
| Returns on capital | 7 | 10 | 16 (highest) | 0 |
| Balance-sheet safety | 23 | 28 (highest) | 28 (highest) | 28 (highest) |
| Capital allocation | 81 (highest) | 64 | 37 | 24 |
| 45% below value if growth stopped today | 91% below value if growth stopped today (largest discount to value if growth stopped today) | 203% above value if growth stopped today | No price data | |
| Market cap | $7.1B | $94M | $44.9M | $1.2M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |