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 | CRS | WCC | ESAB | MLAB |
|---|---|---|---|---|
| Moat Score (0–100) | 54 (highest) | 54 (highest) | 54 (highest) | 54 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 85 | 88 (highest) | 50 | 86 |
| Pricing power | 3 | 35 | 61 | 98 (highest) |
| Returns on capital | 19 | 14 | 28 (highest) | 0 |
| Balance-sheet safety | 92 (highest) | 50 | 71 | 42 |
| Capital allocation | 68 | 80 (highest) | 58 | 43 |
| 657% above value if growth stopped today | No price data | 36% above value if growth stopped today (largest discount to value if growth stopped today) | 182% above value if growth stopped today | |
| Market cap | $18.9B | Not reported | $4.0B | $706M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2026 |