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.
OVV · 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%.
EXE · 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%.
CLNV · Materials · No moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | OVV | EXE | CLNV | FTK |
|---|---|---|---|---|
| Moat Score (0–100) | 36 (highest) | 36 (highest) | 36 (highest) | 36 (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 | 25 | 25 | 20 | 80 (highest) |
| Pricing power | — | — | 72 (highest) | 0 |
| Returns on capital | 44 (highest) | 9 | — | 8 |
| Balance-sheet safety | 36 | 65 (highest) | 28 | 46 |
| Capital allocation | 37 | 44 (highest) | 24 | 44 (highest) |
| 12% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | 521% above value if growth stopped today | |
| Market cap | $17.6B | Not reported | $2.4M | $725M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2024 | FY2025 |