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.

DULUTH HOLDINGS INC.

DLTH · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Daktronics, Inc.

DAKT · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

V2X, Inc.

VVX · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

EZCORP, INC.

EZPW · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	DLTH	DAKT	VVX	EZPW
Moat Score (0–100)	48 (highest)	48 (highest)	48 (highest)	48 (highest)
Pricing power	88	34	26	98 (highest)
Returns on capital	49 (highest)	21	48	4
Balance-sheet safety	28	100 (highest)	48	63
Capital discipline	6	56	80 (highest)	24
Margin of safety	797% above value	654% above value	472% above value	195% above value (highest margin of safety)
Market cap	$147.8M	$923.2M	$2.4B	$2.7B
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2026	FY2026	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.