The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | CXT | TKR | HWKN | TNC |
|---|---|---|---|---|
| Moat Score (0–100) | 57 | 58 (highest) | 58 (highest) | 57 |
| Pricing power | 40 | 48 | 28 | 69 (highest) |
| Returns on capital | 69 (highest) | 58 | 56 | 50 |
| Balance-sheet safety | 65 | 34 | 81 (highest) | 66 |
| Capital discipline | 59 | 98 (highest) | 80 | 40 |
| Margin of safety | 13% above value (highest margin of safety) | 113% above value | 121% above value | 204% above value |
| Market cap | $2.9B | $9.6B | $3.0B | $1.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |