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.
ALGT · Industrials · Shallow 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%.
SWK · Industrials · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | ALGT | NHTC | AXON | SWK |
|---|---|---|---|---|
| Moat Score (0–100) | 48 (highest) | 48 (highest) | 48 (highest) | 48 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 59 | 44 | 74 (highest) | 60 |
| Pricing power | — | 99 | 100 (highest) | 47 |
| Returns on capital | 80 (highest) | 0 | 7 | 68 |
| Balance-sheet safety | 28 | 55 (highest) | 0 | — |
| Capital discipline | 26 | 44 | 60 (highest) | 17 |
| Price vs. high estimate | No price data | No price data | 2492% above high estimate | 152% above high estimate (largest discount to high estimate) |
| Market cap | — | — | $42.3B | $13.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |