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.
BH · Consumer Discretionary · 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 | BH | ZUMZ | LAD | TNL |
|---|---|---|---|---|
| Moat Score (0–100) | 51 (highest) | 51 (highest) | 51 (highest) | 51 (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 | 39 | 20 | 64 | 67 (highest) |
| Pricing power | 65 | 57 | 24 | 100 (highest) |
| Returns on capital | — | 33 | 56 (highest) | 45 |
| Balance-sheet safety | 55 | 100 (highest) | 9 | 1 |
| Capital allocation | 44 | 44 | 100 (highest) | 40 |
| No price data | 38% above value if growth stopped today | 28% below value if growth stopped today (largest discount to value if growth stopped today) | Around the value if growth stopped today | |
| Market cap | Not reported | $321M | $8.0B | $4.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |