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.
TPET · Materials · Shallow moat
Doesn't clear the bar
The capitalDiscipline component abstained: Not enough owner-earnings history to score capital discipline. The other four 20% weights were renormalized over the scored 80%.
DQWS · Materials · Shallow moat
Doesn't clear the bar
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%.
FUL · Materials · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | TPET | DQWS | OEC | FUL |
|---|---|---|---|---|
| Moat Score (0–100) | 42 (highest) | 42 (highest) | 42 (highest) | 42 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 70 | 57 | 38 | 79 (highest) |
| Pricing power | 70 (highest) | 15 | 37 | 46 |
| Returns on capital | 0 | — | 40 (highest) | 7 |
| Balance-sheet safety | 28 | 55 (highest) | 40 | — |
| Capital discipline | — | 41 | 55 (highest) | 34 |
| Price vs. high estimate | No price data | 2498% above high estimate | 66% below high estimate (largest discount to high estimate) | 6% below high estimate |
| Market cap | $2.9M | $6.4M | $395.3M | $3.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |