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.
FSTJ · Industrials · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
ARCB · Industrials · Shallow 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%.
DE · Industrials · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
EDUC · Industrials · Shallow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | FSTJ | ARCB | DE | EDUC |
|---|---|---|---|---|
| Moat Score (0–100) | 53 (highest) | 53 (highest) | 53 (highest) | 52 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 (highest) | 28 | 41 | 10 |
| Pricing power | 93 | — | 57 | 96 (highest) |
| Returns on capital | — | 32 (highest) | 31 | — |
| Balance-sheet safety | 28 | 62 (highest) | — | 62 (highest) |
| Capital allocation | 19 | 89 (highest) | 82 | 42 |
| 2572% above value if growth stopped today | 58% above value if growth stopped today | 102% above value if growth stopped today | 50% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $44M | $3.4B | $169.9B | $12.3M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |