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.
| Measure | FELE | RAVE | IEX | MHO |
|---|---|---|---|---|
| Moat Score (0–100) | 73 | 74 (highest) | 74 (highest) | 73 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 62 | 55 | 71 (highest) | 64 |
| Pricing power | 60 | 92 (highest) | 76 | 33 |
| Returns on capital | 69 | 100 (highest) | 72 | 97 |
| Balance-sheet safety | 97 | 100 (highest) | 81 | 100 (highest) |
| Capital allocation | 77 (highest) | 24 | 70 | 72 |
| 104% above value if growth stopped today | Around the value if growth stopped today | 155% above value if growth stopped today | 40% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $4.4B | $30.8M | $17.7B | $3.2B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |