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.
KBH · Industrials · Narrow moat
Wonderful & reasonably priced
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%.
RAVE · Industrials · Narrow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | LKQ | CAT | KBH | RAVE |
|---|---|---|---|---|
| Moat Score (0–100) | 72 (highest) | 72 (highest) | 72 (highest) | 72 (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 | 37 | 90 | 45 | 93 (highest) |
| Pricing power | 67 | 27 | — | 92 (highest) |
| Returns on capital | 74 (highest) | 72 | 66 | — |
| Balance-sheet safety | 100 (highest) | 73 | 78 | 78 |
| Capital allocation | 80 | 100 (highest) | 100 (highest) | 24 |
| 37% below value if growth stopped today | 319% above value if growth stopped today | 45% below value if growth stopped today (largest discount to value if growth stopped today) | 53% above value if growth stopped today | |
| Market cap | $6.6B | $413.5B | $3.6B | $44.5M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |