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.
| Measure | GHM | PWR | AXON | TEX |
|---|---|---|---|---|
| Moat Score (0–100) | 49 (highest) | 49 (highest) | 49 (highest) | 49 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 85 | 100 (highest) | 80 | 71 |
| Pricing power | 16 | 27 | 100 (highest) | 30 |
| Returns on capital | 8 | 12 | 7 | 85 (highest) |
| Balance-sheet safety | 96 (highest) | 35 | 0 | 29 |
| Capital allocation | 41 | 73 (highest) | 60 | 29 |
| 1456% above value if growth stopped today | 836% above value if growth stopped today | 1950% above value if growth stopped today | 80% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $788M | $96.1B | $33.5B | $6.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |