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.
NXB · Consumer Discretionary · 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%.
THO · Consumer Discretionary · 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 | BWA | NXB | THO | CVNA |
|---|---|---|---|---|
| Moat Score (0–100) | 39 (highest) | 39 (highest) | 39 (highest) | 39 (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 | 45 | 50 | 20 | 75 (highest) |
| Pricing power | 31 (highest) | 27 | 23 | 0 |
| Returns on capital | 33 | — | — | 35 (highest) |
| Balance-sheet safety | 46 | 55 | 56 (highest) | 40 |
| Capital allocation | 38 | 24 | 56 (highest) | 44 |
| 101% above value if growth stopped today | No price data | 18% below value if growth stopped today (largest discount to value if growth stopped today) | 481% above value if growth stopped today | |
| Market cap | $13.3B | $46.8M | $4.0B | $13.6B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |