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.
ULH · 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 | FLR | ULH | WKC | NGTF |
|---|---|---|---|---|
| Moat Score (0–100) | 27 | 28 (highest) | 27 | 27 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 45 (highest) | 24 | 33 | 45 (highest) |
| Pricing power | 0 | — | 7 | 20 (highest) |
| Returns on capital | 12 | 27 (highest) | 5 | 0 |
| Balance-sheet safety | 55 (highest) | 0 | 28 | 28 |
| Capital allocation | 26 | 59 | 64 (highest) | 44 |
| 369% above value if growth stopped today | 61% below value if growth stopped today (largest discount to value if growth stopped today) | 69% above value if growth stopped today | No price data | |
| Market cap | $7.2B | $441M | $2.0B | $11.2M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |