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.
HPK · Materials · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
FTCO · Materials · No 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%.
| Measure | WSTRF | LWLG | HPK | FTCO |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 40 (highest) | 40 (highest) | 39 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 50 (highest) | 50 (highest) | 50 (highest) | 15 |
| Pricing power | 68 | 70 (highest) | — | 65 |
| Returns on capital | 0 | 0 | 54 (highest) | — |
| Balance-sheet safety | 55 | 55 | 30 | 78 (highest) |
| Capital allocation | 24 (highest) | 24 (highest) | 24 (highest) | 0 |
| No price data | No price data | 18% above value if growth stopped today | 37% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $21.6M | $613M | $1.2B | $113M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |