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.
PUMP · 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%.
MXC · 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 | PUMP | NL | NPO | MXC |
|---|---|---|---|---|
| Moat Score (0–100) | 38 | 39 (highest) | 38 | 38 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 (highest) | 36 | 56 | 30 |
| Pricing power | — | 52 | 57 (highest) | — |
| Returns on capital | 7 (highest) | 4 | 0 | 7 (highest) |
| Balance-sheet safety | 53 | 57 | 34 | 73 (highest) |
| Capital allocation | 24 | 43 | 46 (highest) | 43 |
| 8787% above value if growth stopped today | 14% below value if growth stopped today (largest discount to value if growth stopped today) | 284% above value if growth stopped today | 8% above value if growth stopped today | |
| Market cap | $814M | $325M | $6.2B | $20.5M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |