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.
NXB · Consumer Discretionary · No 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%.
| Measure | CVNA | NXB | BWA | APTV |
|---|---|---|---|---|
| Moat Score (0–100) | 39 (highest) | 39 (highest) | 39 (highest) | 38 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 75 (highest) | 50 | 45 | 54 |
| Pricing power | 0 | 27 | 31 (highest) | 24 |
| Returns on capital | 35 | — | 33 | 52 (highest) |
| Balance-sheet safety | 40 | 55 (highest) | 46 | 22 |
| Capital allocation | 44 (highest) | 24 | 38 | 40 |
| 482% above value if growth stopped today | No price data | 83% above value if growth stopped today | 15% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $13.6B | $47.3M | $12.1B | $9.6B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |