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.
RNGR · 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%.
PUBC · 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%.
| Measure | RNGR | HXL | CE | PUBC |
|---|---|---|---|---|
| Moat Score (0–100) | 41 (highest) | 41 (highest) | 41 (highest) | 41 (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 | 57 | 89 (highest) | 41 | 27 |
| Pricing power | — | 29 | 35 | 84 (highest) |
| Returns on capital | 0 | 28 | 38 (highest) | — |
| Balance-sheet safety | 82 (highest) | 18 | 28 | 28 |
| Capital allocation | 24 | 40 | 64 (highest) | 24 |
| Around the value if growth stopped today (largest discount to value if growth stopped today) | 374% above value if growth stopped today | No price data | No price data | |
| Market cap | $356M | $8.3B | Not reported | $2.2M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |