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 | TPC | HY | SLND | MTRX |
|---|---|---|---|---|
| Moat Score (0–100) | 17 (highest) | 17 (highest) | 17 (highest) | 16 |
| Pricing power | 0 | 17 (highest) | 0 | 0 |
| Returns on capital | 11 (highest) | 10 | 9 | 8 |
| Balance-sheet safety | 61 (highest) | 0 | 28 | 28 |
| Capital discipline | 5 | 44 (highest) | 44 (highest) | 42 |
| Margin of safety | No price data | No price data | 1157% above value | No price data |
| Market cap | $4.2B | — | $60.1M | $335.5M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |