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.
RPM · Materials · Narrow moat
On the watchlist
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%.
PPG · Materials · Narrow moat
On the watchlist
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
LIN · Materials · Narrow 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 | RPM | HAL | PPG | LIN |
|---|---|---|---|---|
| Moat Score (0–100) | 71 | 72 (highest) | 72 (highest) | 70 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 84 | 70 | 50 | 85 (highest) |
| Pricing power | 64 | 100 (highest) | 68 | — |
| Returns on capital | — | 59 | 92 (highest) | 26 |
| Balance-sheet safety | 46 | 80 (highest) | — | 76 |
| Capital allocation | 89 | 51 | 79 | 94 (highest) |
| 106% above value if growth stopped today | 77% above value if growth stopped today (largest discount to value if growth stopped today) | 78% above value if growth stopped today | No price data | |
| Market cap | $13.5B | $31.0B | $25.1B | Not reported |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |