The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

MASTECH DIGITAL, INC.

MHH · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Travel & Leisure Co.

TNL · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

HEICO Corporation

HEI · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Wendy's Co

WEN · Consumer Discretionary · Shallow moat

Shallow moat

On the watchlist

Measure	MHH	TNL	HEI	WEN
Moat Score (0–100)	55 (highest)	55 (highest)	55 (highest)	54
Pricing power	37	100 (highest)	37	93
Returns on capital	45	57	73 (highest)	35
Balance-sheet safety	100 (highest)	1	48	2
Capital discipline	50	40	60	78 (highest)
Margin of safety	32% above value	3% below value	No price data	45% below value (highest margin of safety)
Market cap	$87.5M	$4.6B	—	$1.5B
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.