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 | DXPE | FWRD | CARR | SXI |
|---|---|---|---|---|
| Moat Score (0–100) | 45 (highest) | 45 (highest) | 45 (highest) | 44 |
| Pricing power | 47 | 85 (highest) | 46 | 61 |
| Returns on capital | 41 | 57 | 66 (highest) | 42 |
| Balance-sheet safety | 17 | 0 | 21 (highest) | 12 |
| Capital discipline | 73 (highest) | 12 | 35 | 56 |
| Margin of safety | 219% above value | 63% below value (highest margin of safety) | 35% above value | 200% above value |
| Market cap | $2.6B | $430.7M | $57.4B | $3.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |