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.
| Measure | REI | SLSN | HNI | IDR |
|---|---|---|---|---|
| Moat Score (0–100) | 44 (highest) | 44 (highest) | 44 (highest) | 44 (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 | 50 | 55 | 54 | 85 (highest) |
| Pricing power | 87 (highest) | 33 | 61 | 0 |
| Returns on capital | 13 | 11 | 46 (highest) | 11 |
| Balance-sheet safety | 28 | 100 (highest) | 40 | 100 (highest) |
| Capital allocation | 44 (highest) | 24 | 21 | 24 |
| 65% below value if growth stopped today (largest discount to value if growth stopped today) | 234% above value if growth stopped today | 186% above value if growth stopped today | 2066% above value if growth stopped today | |
| Market cap | $264M | $66.4M | $3.0B | $446M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |