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.
BKR · Industrials · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
CNH · Industrials · Shallow moat
On the watchlist
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%.
PPIH · Industrials · Shallow moat
Doesn't clear the bar
| Measure | BKR | AZTA | CNH | PPIH |
|---|---|---|---|---|
| Moat Score (0–100) | 47 (highest) | 47 (highest) | 47 (highest) | 46 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 78 | 47 | 23 | 95 (highest) |
| Pricing power | 20 | 68 (highest) | 26 | 13 |
| Returns on capital | 4 | 0 | — | 36 (highest) |
| Balance-sheet safety | — | 55 | 78 (highest) | 57 |
| Capital allocation | 85 (highest) | 64 | 61 | 30 |
| 155% above value if growth stopped today | 356% above value if growth stopped today | 27% below value if growth stopped today (largest discount to value if growth stopped today) | 111% above value if growth stopped today | |
| Market cap | $55.2B | $1.6B | $13.9B | $229M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |