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 | BHE | TBRG | TLS | CBZ |
|---|---|---|---|---|
| Moat Score (0–100) | 28 (highest) | 28 (highest) | 28 (highest) | 28 (highest) |
| Pricing power | 24 | 85 (highest) | 59 | 20 |
| Returns on capital | 3 | 3 | 0 | 20 (highest) |
| Balance-sheet safety | 59 (highest) | 0 | 28 | 0 |
| Capital discipline | 40 | 8 | 24 | 79 (highest) |
| Margin of safety | 265% above value | No price data | No price data | Around fair value (highest margin of safety) |
| Market cap | $2.8B | — | $344.2M | $2.3B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |