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.
REX · Materials · Shallow 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%.
SLVM · Materials · Shallow moat
On the watchlist
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%.
SD · Materials · Shallow moat
On the watchlist
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 | REX | CLB | SLVM | SD |
|---|---|---|---|---|
| Moat Score (0–100) | 54 | 55 (highest) | 54 | 54 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 61 | 81 (highest) | 44 | 31 |
| Pricing power | 0 | 36 (highest) | — | — |
| Returns on capital | — | 42 | 91 (highest) | 34 |
| Balance-sheet safety | 78 | 46 | 42 | 100 (highest) |
| Capital allocation | 76 (highest) | 67 | 40 | 49 |
| 89% above value if growth stopped today | 25% above value if growth stopped today | 54% below value if growth stopped today (largest discount to value if growth stopped today) | 33% below value if growth stopped today | |
| Market cap | $1.4B | $461M | $1.3B | $525M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |