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 | HFFG | NCLH | LCUT | GVA |
|---|---|---|---|---|
| Moat Score (0–100) | 27 (highest) | 27 (highest) | 27 (highest) | 27 (highest) |
| Pricing power | 29 | 33 | 63 (highest) | 7 |
| Returns on capital | 12 | 30 (highest) | 10 | 16 |
| Balance-sheet safety | 28 | 40 (highest) | 0 | 37 |
| Capital discipline | 44 | 2 | 24 | 60 (highest) |
| Margin of safety | 59% below value (highest margin of safety) | 380% above value | 108% above value | 260% above value |
| Market cap | $87.5M | $8.9B | $193.0M | $5.4B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |