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 | CARR | CAH | FWRD | DXPE |
|---|---|---|---|---|
| Moat Score (0–100) | 45 (highest) | 45 (highest) | 45 (highest) | 45 (highest) |
| Pricing power | 46 | 13 | 85 (highest) | 47 |
| Returns on capital | 66 (highest) | 59 | 57 | 41 |
| Balance-sheet safety | 21 | 56 (highest) | 0 | 17 |
| Capital discipline | 35 | 62 | 12 | 73 (highest) |
| Margin of safety | 35% above value | 205% above value | 63% below value (highest margin of safety) | 219% above value |
| Market cap | $57.4B | $54.6B | $430.7M | $2.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |