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.
GRBK · Industrials · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
NELR · 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 | GRBK | SITE | STRL | NELR |
|---|---|---|---|---|
| Moat Score (0–100) | 58 | 59 (highest) | 58 | 58 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 75 | 78 | 95 (highest) | 60 |
| Pricing power | 33 | 58 | 0 | 70 (highest) |
| Returns on capital | 24 | 42 | 72 (highest) | — |
| Balance-sheet safety | — | 58 | 100 (highest) | 78 |
| Capital discipline | 100 (highest) | 58 | 24 | 24 |
| Price vs. high estimate | 6% below high estimate (largest discount to high estimate) | 24% above high estimate | 699% above high estimate | No price data |
| Market cap | $3.0B | $4.6B | $20.0B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |