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 | TTI | APOG | NOG | MLM |
|---|---|---|---|---|
| Moat Score (0–100) | 43 | 44 (highest) | 44 (highest) | 43 |
| Pricing power | 5 | 36 | 92 (highest) | 37 |
| Returns on capital | 68 (highest) | 45 | 39 | 29 |
| Balance-sheet safety | 84 (highest) | 45 | 0 | 31 |
| Capital discipline | 24 | 53 | 24 | 87 (highest) |
| Margin of safety | 333% above value | 49% below value (highest margin of safety) | No price data | 66% above value |
| Market cap | $1.2B | $870.7M | $2.1B | $33.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |