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 | BW | ARTW | ASTE | SMHI |
|---|---|---|---|---|
| Moat Score (0–100) | 18 (highest) | 18 (highest) | 18 (highest) | 18 (highest) |
| Pricing power | 12 | 18 | 25 (highest) | 22 |
| Returns on capital | 0 | 0 | 4 (highest) | 4 (highest) |
| Balance-sheet safety | 28 (highest) | 23 | 22 | 28 (highest) |
| Capital discipline | 44 (highest) | 38 | 26 | 24 |
| Margin of safety | No price data | No price data | 170% above value | No price data |
| Market cap | $1.3B | — | $1.3B | $213.2M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |