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 | NOV | TRS | DNOW | OUST |
|---|---|---|---|---|
| Moat Score (0–100) | 25 | 26 (highest) | 26 (highest) | 25 |
| Pricing power | 1 | 36 (highest) | 27 | 18 |
| Returns on capital | 7 | 6 | 11 (highest) | 0 |
| Balance-sheet safety | 61 (highest) | 1 | 28 | 55 |
| Capital discipline | 53 | 64 (highest) | 44 | 44 |
| Margin of safety | 162% above value | 57% above value (highest margin of safety) | 127% above value | No price data |
| Market cap | $7.0B | $1.5B | $2.6B | $2.3B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |