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 | VMC | IOSP | FCX | ECL |
|---|---|---|---|---|
| Moat Score (0–100) | 58 | 59 (highest) | 58 | 58 |
| Pricing power | 42 | 46 | 19 | 70 (highest) |
| Returns on capital | 71 | 52 | 85 (highest) | 51 |
| Balance-sheet safety | 39 | 100 (highest) | 91 | 34 |
| Capital discipline | 82 (highest) | 46 | 44 | 75 |
| Margin of safety | 124% above value | Around fair value (highest margin of safety) | No price data | 615% above value |
| Market cap | $37.7B | $2.1B | — | $76.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |