The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | FWRD | WCC | CAH | CARR |
|---|---|---|---|---|
| Moat Score (0–100) | 45 (highest) | 45 (highest) | 45 (highest) | 45 (highest) |
| Pricing power | 85 (highest) | 35 | 13 | 46 |
| Returns on capital | 57 | 28 | 59 | 66 (highest) |
| Balance-sheet safety | 0 | 50 | 56 (highest) | 21 |
| Capital discipline | 12 | 80 (highest) | 62 | 35 |
| Margin of safety | 63% below value (highest margin of safety) | No price data | 205% above value | 35% above value |
| Market cap | $430.7M | — | $54.6B | $57.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |