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 | AZZ | KMT | RELL | BWEN |
|---|---|---|---|---|
| Moat Score (0–100) | 38 | 39 (highest) | 39 (highest) | 38 |
| Pricing power | 36 | 50 | 56 (highest) | 0 |
| Returns on capital | 22 (highest) | 16 | 7 | 7 |
| Balance-sheet safety | 43 | 42 | 55 | 100 (highest) |
| Capital discipline | 60 | 53 | 44 | 80 (highest) |
| Margin of safety | 141% above value | Around fair value (highest margin of safety) | No price data | No price data |
| Market cap | $4.4B | $2.6B | — | — |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |