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.
RWAX · 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 | ESAB | SNDR | WCC | RWAX |
|---|---|---|---|---|
| Moat Score (0–100) | 54 (highest) | 54 (highest) | 54 (highest) | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 50 | 31 | 88 (highest) | 70 |
| Pricing power | 61 | 98 (highest) | 35 | 71 |
| Returns on capital | 28 | 54 (highest) | 14 | — |
| Balance-sheet safety | 71 (highest) | 58 | 50 | 28 |
| Capital allocation | 58 | 28 | 80 (highest) | 44 |
| 75% above value if growth stopped today (largest discount to value if growth stopped today) | 150% above value if growth stopped today | No price data | No price data | |
| Market cap | $5.1B | $6.6B | Not reported | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |