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 | KRT | NYT | USLM | TREX |
|---|---|---|---|---|
| Moat Score (0–100) | 79 | 82 (highest) | 79 | 78 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 85 | 91 | 100 (highest) | 43 |
| Pricing power | 49 | 73 (highest) | 23 | 67 |
| Returns on capital | 100 (highest) | 66 | 97 | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 60 | 77 | 74 | 80 (highest) |
| 79% above value if growth stopped today (largest discount to value if growth stopped today) | 260% above value if growth stopped today | 284% above value if growth stopped today | 102% above value if growth stopped today | |
| Market cap | $789M | $11.8B | $3.2B | $4.6B |
| Moat tier | Narrow moat | Wide moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |