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.
LOCO · Consumer Discretionary · 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%.
WAB · Consumer Discretionary · Shallow moat
Doesn't clear the bar
NWTG · Consumer Discretionary · Shallow moat
Doesn't clear the bar
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 | LOCO | DAKT | WAB | NWTG |
|---|---|---|---|---|
| Moat Score (0–100) | 54 (highest) | 54 (highest) | 54 (highest) | 53 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 64 | 61 | 92 (highest) | 57 |
| Pricing power | — | 34 | 49 | 55 (highest) |
| Returns on capital | 16 | 18 (highest) | 6 | — |
| Balance-sheet safety | 63 | 100 (highest) | 41 | 55 |
| Capital discipline | 72 | 56 | 80 (highest) | 46 |
| Price vs. high estimate | 16% above high estimate (largest discount to high estimate) | 667% above high estimate | 241% above high estimate | No price data |
| Market cap | $483.2M | $939.6M | $44.0B | $5.2M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |