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.
LUV · Industrials · 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%.
| Measure | LUV | XPO | BWEN | SNX |
|---|---|---|---|---|
| Moat Score (0–100) | 48 (highest) | 48 (highest) | 48 (highest) | 48 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 61 | 90 | 52 | 94 (highest) |
| Pricing power | — | 48 (highest) | 0 | 11 |
| Returns on capital | 45 (highest) | 11 | 7 | 10 |
| Balance-sheet safety | 45 | 21 | 100 (highest) | 43 |
| Capital discipline | 40 | 69 | 80 (highest) | 80 (highest) |
| Price vs. high estimate | 360% above high estimate | 254% above high estimate | No price data | 88% above high estimate (largest discount to high estimate) |
| Market cap | $23.8B | $24.6B | — | $19.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |