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.
ETN · Industrials · Narrow moat
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The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | CNM | KAI | MWA | ETN |
|---|---|---|---|---|
| Moat Score (0–100) | 71 (highest) | 71 (highest) | 71 (highest) | 70 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 100 (highest) | 79 | 93 | 97 |
| Pricing power | 45 | 75 (highest) | 54 | 53 |
| Returns on capital | 74 | 89 (highest) | 42 | 50 |
| Balance-sheet safety | 36 | 48 | 82 (highest) | — |
| Capital allocation | 100 (highest) | 64 | 85 | 81 |
| 52% above value if growth stopped today (largest discount to value if growth stopped today) | 115% above value if growth stopped today | 203% above value if growth stopped today | 315% above value if growth stopped today | |
| Market cap | $8.3B | $3.1B | $3.4B | $156.1B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |