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%.
CNR · Materials · Shallow 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 | REX | CNR | AXIL | MTX |
|---|---|---|---|---|
| Moat Score (0–100) | 59 (highest) | 59 (highest) | 59 (highest) | 59 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 83 (highest) | 52 | 78 | 46 |
| Pricing power | 0 | — | 79 (highest) | 41 |
| Returns on capital | — | 88 (highest) | 15 | 45 |
| Balance-sheet safety | 78 | 55 | 100 (highest) | 100 (highest) |
| Capital discipline | 76 (highest) | 42 | 24 | 64 |
| Price vs. high estimate | 110% above high estimate | 16% above high estimate (largest discount to high estimate) | 285% above high estimate | 67% above high estimate |
| Market cap | $1.5B | $4.3B | $36.6M | $2.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |