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.
STEK · 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%.
| Measure | DHR | BWEN | GRC | STEK |
|---|---|---|---|---|
| Moat Score (0–100) | 51 (highest) | 51 (highest) | 51 (highest) | 51 (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 | 35 | 69 | 83 (highest) | 35 |
| Pricing power | 95 | 0 | 41 | 98 (highest) |
| Returns on capital | 7 | 7 | 40 (highest) | — |
| Balance-sheet safety | 68 | 100 (highest) | 30 | 28 |
| Capital allocation | 52 | 80 (highest) | 62 | 44 |
| 120% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 354% above value if growth stopped today | No price data | |
| Market cap | $135.4B | Not reported | $2.2B | $42598 |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |