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.
| Measure | AAON | ITW | AGX | IESC |
|---|---|---|---|---|
| Moat Score (0–100) | 75 | 76 (highest) | 76 (highest) | 75 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 90 | 71 | 95 (highest) | 95 (highest) |
| Pricing power | 41 | 72 (highest) | 3 | 19 |
| Returns on capital | 100 (highest) | 100 (highest) | 96 | 71 |
| Balance-sheet safety | 100 (highest) | 61 | 100 (highest) | 100 (highest) |
| Capital allocation | 46 | 74 | 84 | 90 (highest) |
| 602% above value if growth stopped today | 142% above value if growth stopped today (largest discount to value if growth stopped today) | 1640% above value if growth stopped today | 832% above value if growth stopped today | |
| Market cap | $8.4B | $81.7B | $7.9B | $12.4B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |