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.
RWAX · 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 | FTV | CRS | MLAB | RWAX |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 54 (highest) | 54 (highest) | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 43 | 85 | 86 (highest) | 70 |
| Pricing power | 90 | 3 | 98 (highest) | 71 |
| Returns on capital | 12 | 19 (highest) | 0 | — |
| Balance-sheet safety | 66 | 92 (highest) | 42 | 28 |
| Capital allocation | 56 | 68 (highest) | 43 | 44 |
| 45% above value if growth stopped today (largest discount to value if growth stopped today) | 657% above value if growth stopped today | 182% above value if growth stopped today | No price data | |
| Market cap | $18.1B | $18.9B | $706M | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2026 | FY2025 |