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.
TALO · 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%.
FUL · Materials · No moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | NESR | VHI | TALO | FUL |
|---|---|---|---|---|
| Moat Score (0–100) | 33 (highest) | 33 (highest) | 33 (highest) | 33 (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 | 85 (highest) | 25 | 44 | 44 |
| Pricing power | 18 | 12 | — | 46 (highest) |
| Returns on capital | 9 | 69 (highest) | 37 | 7 |
| Balance-sheet safety | 47 (highest) | 15 | 28 | — |
| Capital allocation | 5 | 44 (highest) | 24 | 34 |
| 96% above value if growth stopped today | 55% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | 33% above value if growth stopped today | |
| Market cap | $1.9B | $435M | Not reported | $2.8B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |