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 | ESAB | NVT | MCK | GNRC |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 59 |
| Pricing power | 61 | 67 (highest) | 16 | 60 |
| Returns on capital | 51 | 20 | 85 (highest) | 77 |
| Balance-sheet safety | 71 | 71 | 95 (highest) | 34 |
| Capital discipline | 58 | 97 (highest) | 52 | 55 |
| Margin of safety | 86% above value | 287% above value | 71% above value (highest margin of safety) | No price data |
| Market cap | $5.5B | $25.1B | $101.1B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |