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.
CNH · Industrials · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | AZTA | SPXC | CECO | CNH |
|---|---|---|---|---|
| Moat Score (0–100) | 47 (highest) | 47 (highest) | 47 (highest) | 47 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 47 | 65 | 95 (highest) | 23 |
| Pricing power | 68 (highest) | 45 | 56 | 26 |
| Returns on capital | 0 | 37 (highest) | 4 | — |
| Balance-sheet safety | 55 | 64 | 44 | 78 (highest) |
| Capital allocation | 64 (highest) | 24 | 36 | 61 |
| 378% above value if growth stopped today | 196% above value if growth stopped today | 1040% above value if growth stopped today | 22% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $1.7B | $8.3B | $2.2B | $14.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |