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 | ESI | NCSM | VRA | CHRD |
|---|---|---|---|---|
| Moat Score (0–100) | 52 (highest) | 52 (highest) | 52 (highest) | 51 |
| Pricing power | 70 | 64 | 86 | 97 (highest) |
| Returns on capital | 0 | 4 | 7 | 12 (highest) |
| Balance-sheet safety | 72 | 100 (highest) | 55 | 46 |
| Capital discipline | 80 (highest) | 60 | 64 | 44 |
| Margin of safety | No price data | 358% above value | No price data | 23% below value (highest margin of safety) |
| Market cap | — | $111.0M | $104.9M | $7.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |