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 | AGX | CHRW | ITW | AAON |
|---|---|---|---|---|
| Moat Score (0–100) | 76 (highest) | 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 | 95 (highest) | 25 | 71 | 90 |
| Pricing power | 3 | 100 (highest) | 72 | 41 |
| Returns on capital | 96 | 100 (highest) | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 86 | 61 | 100 (highest) |
| Capital allocation | 84 (highest) | 68 | 74 | 46 |
| 1092% above value if growth stopped today | 143% above value if growth stopped today | 131% above value if growth stopped today (largest discount to value if growth stopped today) | 425% above value if growth stopped today | |
| Market cap | $5.4B | $18.1B | $77.8B | $6.3B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |