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.
| Measure | CECO | INVX | SPXC | AZTA |
|---|---|---|---|---|
| Moat Score (0–100) | 47 | 48 (highest) | 47 | 47 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 95 (highest) | 80 | 65 | 47 |
| Pricing power | 56 | 22 | 45 | 68 (highest) |
| Returns on capital | 4 | 4 | 37 (highest) | 0 |
| Balance-sheet safety | 44 | 100 (highest) | 64 | 55 |
| Capital allocation | 36 | 31 | 24 | 64 (highest) |
| 1324% above value if growth stopped today | 126% above value if growth stopped today (largest discount to value if growth stopped today) | 289% above value if growth stopped today | 258% above value if growth stopped today | |
| Market cap | $2.7B | $1.9B | $11.0B | $1.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |