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 | AXON | ELSE | PWR | GHM |
|---|---|---|---|---|
| Moat Score (0–100) | 49 | 50 (highest) | 49 | 49 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 80 | 43 | 100 (highest) | 85 |
| Pricing power | 100 (highest) | 88 | 27 | 16 |
| Returns on capital | 7 | 0 | 12 (highest) | 8 |
| Balance-sheet safety | 0 | 100 (highest) | 35 | 96 |
| Capital allocation | 60 | 16 | 73 (highest) | 41 |
| 1818% above value if growth stopped today | 633% above value if growth stopped today (largest discount to value if growth stopped today) | 821% above value if growth stopped today | 1398% above value if growth stopped today | |
| Market cap | $31.3B | $26.9M | $94.5B | $758M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |