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 | SW | HXL | AVD | NBR |
|---|---|---|---|---|
| Moat Score (0–100) | 28 | 29 (highest) | 28 | 28 |
| Pricing power | 29 | 29 | 43 | 60 (highest) |
| Returns on capital | 29 (highest) | 28 | 0 | 11 |
| Balance-sheet safety | 14 | 18 | 28 (highest) | 10 |
| Capital discipline | 40 | 40 | 50 (highest) | 24 |
| Margin of safety | 106% above value | 176% above value | 11% below value (highest margin of safety) | No price data |
| Market cap | $23.1B | $7.9B | $74.5M | $1.3B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |