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.
| Measure | SMHI | ASTE | BW | TPICQ |
|---|---|---|---|---|
| Moat Score (0–100) | 18 (highest) | 18 (highest) | 18 (highest) | 17 |
| Pricing power | 22 | 25 (highest) | 12 | 0 |
| Returns on capital | 4 | 4 | 0 | 23 (highest) |
| Balance-sheet safety | 28 (highest) | 22 | 28 (highest) | 28 (highest) |
| Capital discipline | 24 | 26 | 44 (highest) | 24 |
| Margin of safety | No price data | 170% above value | No price data | No price data |
| Market cap | $213.2M | $1.3B | $1.3B | $341362 |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |