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 discipline | 84 (highest) | 68 | 74 | 46 |
| Price vs. high estimate | 974% above high estimate | 196% above high estimate | 50% above high estimate (largest discount to high estimate) | 602% above high estimate |
| Market cap | $7.9B | $22.1B | $81.7B | $8.4B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |