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.
STEK · 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%.
| Measure | FSTR | DHR | STEK | WFRD |
|---|---|---|---|---|
| Moat Score (0–100) | 50 | 51 (highest) | 51 (highest) | 50 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 73 (highest) | 35 | 35 | 71 |
| Pricing power | 32 | 95 | 98 (highest) | 4 |
| Returns on capital | 16 | 7 | — | 37 (highest) |
| Balance-sheet safety | 85 | 68 | 28 | 100 (highest) |
| Capital allocation | 47 | 52 (highest) | 44 | 40 |
| 156% above value if growth stopped today | 166% above value if growth stopped today | No price data | 2% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $348M | $163.6B | $42598 | $5.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |