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 | PLUG | ORN | HYFM | AQMS |
|---|---|---|---|---|
| Moat Score (0–100) | 10 | 11 (highest) | 11 (highest) | 10 |
| Pricing power | 0 | 0 | 2 (highest) | 0 |
| Returns on capital | 0 | 4 (highest) | 0 | 0 |
| Balance-sheet safety | 28 | 52 (highest) | 28 | 28 |
| Capital discipline | 24 (highest) | 0 | 24 (highest) | 24 (highest) |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | — | $510.7M | $3.2M | $7.9M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |