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.
KBH · Industrials · Narrow moat
Wonderful & reasonably priced
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%.
| Measure | CAT | POOL | VNOV | KBH |
|---|---|---|---|---|
| Moat Score (0–100) | 72 | 73 (highest) | 73 (highest) | 72 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 90 (highest) | 35 | 87 | 45 |
| Pricing power | 27 | 52 | 71 (highest) | — |
| Returns on capital | 72 | 100 (highest) | 88 | 66 |
| Balance-sheet safety | 73 | 76 | 73 | 78 (highest) |
| Capital discipline | 100 (highest) | 99 | 44 | 100 (highest) |
| Price vs. high estimate | 159% above high estimate | 29% below high estimate | No price data | 66% below high estimate (largest discount to high estimate) |
| Market cap | $413.5B | $6.7B | Not reported | $3.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |