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.
BNC · Agriculture · No 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 | BNC | NCRA | DOLE | AVO |
|---|---|---|---|---|
| Moat Score (0–100) | 32 | 34 (highest) | 33 | 32 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 20 | 60 | 51 | 62 (highest) |
| Pricing power | 8 | 0 | 28 (highest) | 5 |
| Returns on capital | — | 6 | 34 (highest) | 13 |
| Balance-sheet safety | 78 (highest) | 78 (highest) | 34 | 62 |
| Capital allocation | 24 (highest) | 24 (highest) | 20 | 20 |
| No price data | No price data | 15% below value if growth stopped today (largest discount to value if growth stopped today) | 109% above value if growth stopped today | |
| Market cap | $119M | $19.9M | $1.3B | $876M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |