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.
HWM · Industrials · Shallow 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 | HWM | CHEF | BZH | EAF |
|---|---|---|---|---|
| Moat Score (0–100) | 43 | 44 (highest) | 43 | 43 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 36 | 94 (highest) | 64 | 19 |
| Pricing power | — | 43 (highest) | 8 | 23 |
| Returns on capital | 25 | 5 | 4 | 80 (highest) |
| Balance-sheet safety | 65 (highest) | 15 | 40 | 28 |
| Capital discipline | 44 | 60 | 100 (highest) | 64 |
| Price vs. high estimate | 642% above high estimate | 912% above high estimate | 38% below high estimate (largest discount to high estimate) | No price data |
| Market cap | $109.2B | $3.9B | $967.6M | $163.2M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |