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.
CSX · 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%.
DE · Industrials · Narrow moat
On the watchlist
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 | CSX | DE | HDSN | AGCO |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 60 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 70 | 71 | 88 (highest) | 59 |
| Pricing power | — | 57 (highest) | 19 | 36 |
| Returns on capital | 68 (highest) | 31 | 38 | 29 |
| Balance-sheet safety | 23 | — | 100 (highest) | 76 |
| Capital discipline | 79 | 82 | 55 | 97 (highest) |
| Price vs. high estimate | 129% above high estimate | 16% above high estimate | 32% below high estimate | 35% below high estimate (largest discount to high estimate) |
| Market cap | $93.2B | $158.5B | $254.5M | $8.2B |
| Moat tier | Shallow moat | Narrow moat | Narrow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |