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.
| Measure | IESC | AGX | AAON | KEYS |
|---|---|---|---|---|
| Moat Score (0–100) | 75 | 76 (highest) | 75 | 75 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 95 (highest) | 95 (highest) | 90 | 56 |
| Pricing power | 19 | 3 | 41 | 96 (highest) |
| Returns on capital | 71 | 96 | 100 (highest) | 82 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 65 |
| Capital allocation | 90 (highest) | 84 | 46 | 77 |
| 832% above value if growth stopped today | 1640% above value if growth stopped today | 602% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $12.4B | $7.9B | $8.4B | Not reported |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |