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.

Cardinal Health, Inc.

CAH · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

RADIANT LOGISTICS, INC.

RLGT · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

WESCO International, Inc.

WCC · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

FORWARD AIR CORP

FWRD · Industrials · Shallow moat

Shallow moat

On the watchlist

Measure	CAH	RLGT	WCC	FWRD
Moat Score (0–100)	45 (highest)	45 (highest)	45 (highest)	45 (highest)
Pricing power	13	42	35	85 (highest)
Returns on capital	59 (highest)	34	28	57
Balance-sheet safety	56	62 (highest)	50	0
Capital discipline	62	51	80 (highest)	12
Margin of safety	205% above value	90% above value	No price data	63% below value (highest margin of safety)
Market cap	$54.6B	$434.2M	—	$430.7M
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.