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.
WERN · Industrials · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
IIIN · Industrials · 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 | BZH | WERN | IIIN | NOV |
|---|---|---|---|---|
| Moat Score (0–100) | 38 (highest) | 38 (highest) | 38 (highest) | 38 (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 | 40 | 33 | 35 | 75 (highest) |
| Pricing power | 8 (highest) | — | 0 | 1 |
| Returns on capital | 4 | 53 (highest) | — | 0 |
| Balance-sheet safety | 40 | 28 | 73 (highest) | 61 |
| Capital allocation | 100 (highest) | 40 | 46 | 53 |
| 37% below value if growth stopped today (largest discount to value if growth stopped today) | 103% above value if growth stopped today | 12% above value if growth stopped today | 179% above value if growth stopped today | |
| Market cap | $988M | $2.5B | $635M | $7.5B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |