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 | KEYS | AAON | IESC | ACLS |
|---|---|---|---|---|
| Moat Score (0–100) | 75 (highest) | 75 (highest) | 75 (highest) | 75 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 56 | 90 | 95 (highest) | 67 |
| Pricing power | 96 (highest) | 41 | 19 | 69 |
| Returns on capital | 82 | 100 (highest) | 71 | 93 |
| Balance-sheet safety | 65 | 100 (highest) | 100 (highest) | 73 |
| Capital allocation | 77 | 46 | 90 (highest) | 72 |
| No price data | 450% above value if growth stopped today | 297% above value if growth stopped today | 78% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | Not reported | $6.6B | $5.3B | $3.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |