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.
ETN · Industrials · Narrow moat
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The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | ETN | MWA | CNM | OFLX |
|---|---|---|---|---|
| Moat Score (0–100) | 70 | 71 (highest) | 71 (highest) | 70 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 97 | 93 | 100 (highest) | 10 |
| Pricing power | 53 | 54 | 45 | 100 (highest) |
| Returns on capital | 50 | 42 | 74 | 100 (highest) |
| Balance-sheet safety | — | 82 | 36 | 100 (highest) |
| Capital allocation | 81 | 85 | 100 (highest) | 38 |
| 303% above value if growth stopped today | 205% above value if growth stopped today | 53% above value if growth stopped today | 12% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $151.8B | $3.4B | $8.3B | $259M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |