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.
GBTG · Industrials · No 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 | LYTS | GBTG | PFGC | MIDD |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 40 (highest) | 39 | 39 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 76 | 85 | 90 (highest) | 29 |
| Pricing power | 41 | — | 25 | 64 (highest) |
| Returns on capital | 8 | 0 | 6 | 26 (highest) |
| Balance-sheet safety | 11 | 13 | 15 | 26 (highest) |
| Capital allocation | 60 (highest) | 60 (highest) | 60 (highest) | 50 |
| 107% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 124% above value if growth stopped today | No price data | |
| Market cap | $743M | $5.0B | $14.8B | Not reported |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2026 | FY2025 | FY2026 | FY2025 |