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.
HTLD · 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 | HTLD | INVX | RELL | AEBI |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 40 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 23 | 44 | 38 | 60 (highest) |
| Pricing power | — | 22 | 56 (highest) | 38 |
| Returns on capital | 43 (highest) | 4 | 7 | 21 |
| Balance-sheet safety | 36 | 100 (highest) | 55 | 0 |
| Capital discipline | 58 | 31 | 44 | 80 (highest) |
| Price vs. high estimate | 149% above high estimate | 115% above high estimate (largest discount to high estimate) | No price data | 122% above high estimate |
| Market cap | $1.2B | $1.8B | — | $981.7M |
| Moat tier | No moat | Shallow moat | Shallow moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |