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.
GBTG · Industrials · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | FET | AMRC | PYYX | GBTG |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 40 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 | 64 | 80 | 85 (highest) |
| Pricing power | 15 | 26 | 27 (highest) | — |
| Returns on capital | 0 | 9 (highest) | 7 | 0 |
| Balance-sheet safety | 78 (highest) | 40 | 40 | 13 |
| Capital allocation | 44 | 60 (highest) | 44 | 60 (highest) |
| 888% above value if growth stopped today | 22% below value if growth stopped today (largest discount to value if growth stopped today) | 128% above value if growth stopped today | No price data | |
| Market cap | $868M | $1.1B | $67.4M | $5.0B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2024 | FY2026 | FY2025 |