The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | ASTE | WOR | ARTW | BW |
|---|---|---|---|---|
| Moat Score (0–100) | 18 (highest) | 18 (highest) | 18 (highest) | 18 (highest) |
| Pricing power | 25 (highest) | 1 | 18 | 12 |
| Returns on capital | 4 | 7 (highest) | 0 | 0 |
| Balance-sheet safety | 22 | 35 (highest) | 23 | 28 |
| Capital discipline | 26 | 42 | 38 | 44 (highest) |
| Margin of safety | 170% above value | 13% below value (highest margin of safety) | No price data | No price data |
| Market cap | $1.3B | $2.7B | — | $1.3B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |