The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

SMG · Materials · No moat

35/ 100
No moat

Doesn't clear the bar

COPR · Materials · No moat

36/ 100
No moat

Doesn't clear the bar

LXFR · Materials · No moat

36/ 100
No moat

Doesn't clear the bar

BDCO · Materials · No moat

35/ 100
No moat

Doesn't clear the bar

MeasureSMGCOPRLXFRBDCO
Moat Score (0–100)3536 (highest)36 (highest)35
Pricing power3686 (highest)330
Returns on capital6103483 (highest)
Balance-sheet safety22857 (highest)28
Capital discipline28 (highest)242124
Margin of safetyNo price dataNo price data115% above valueNo price data
Market cap$4.1B$38.8M$439.8M$61.9M
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2026FY2025FY2025
SMG vs COPR vs LXFR vs BDCO — Moat Score Comparison · Buy Like Buffett