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.
BNC · Agriculture · 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 | DOLE | TSNDF | NCRA | BNC |
|---|---|---|---|---|
| Moat Score (0–100) | 33 | 34 (highest) | 34 (highest) | 32 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 51 | 60 (highest) | 60 (highest) | 20 |
| Pricing power | 28 | 77 (highest) | 0 | 8 |
| Returns on capital | 34 (highest) | 9 | 6 | — |
| Balance-sheet safety | 34 | 1 | 78 (highest) | 78 (highest) |
| Capital allocation | 20 | 24 (highest) | 24 (highest) | 24 (highest) |
| 15% below value if growth stopped today | No price data | No price data | No price data | |
| Market cap | $1.3B | $167M | $19.9M | $119M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |