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.
GBTG · Industrials · No 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%.
| Measure | GLW | CARR | GBTG | TRT |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 40 (highest) | 40 (highest) | 39 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 61 | 34 | 85 (highest) | 50 |
| Pricing power | 54 (highest) | 46 | — | 41 |
| Returns on capital | 6 | 61 (highest) | 0 | 0 |
| Balance-sheet safety | 41 | 21 | 13 | 64 (highest) |
| Capital discipline | 35 | 35 | 60 (highest) | 42 |
| Price vs. high estimate | 455% above high estimate | 113% above high estimate | No price data | 73% above high estimate (largest discount to high estimate) |
| Market cap | $131.5B | $56.0B | $4.9B | $41.0M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |