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.
CRTD · Industrials · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
VTOL · Industrials · Shallow moat
Doesn't clear the bar
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%.
INSW · Industrials · Shallow moat
Doesn't clear the bar
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 | CRTD | TKR | VTOL | INSW |
|---|---|---|---|---|
| Moat Score (0–100) | 51 | 52 (highest) | 51 | 51 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 63 | 48 | 83 (highest) | 52 |
| Pricing power | 70 (highest) | 48 | — | — |
| Returns on capital | — | 30 (highest) | 10 | 14 |
| Balance-sheet safety | 28 | 34 | 32 | 58 (highest) |
| Capital discipline | 44 | 98 (highest) | 80 | 80 |
| Price vs. high estimate | No price data | 61% above high estimate | 118% above high estimate | Around the high estimate (largest discount to high estimate) |
| Market cap | $200.7M | $9.3B | $1.3B | $4.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2022 | FY2025 | FY2025 | FY2025 |