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 | MIDD | GBTG | AENT | GVA |
|---|---|---|---|---|
| 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 | 29 | 85 (highest) | 20 | 82 |
| Pricing power | 64 | — | 100 (highest) | 7 |
| Returns on capital | 26 | 0 | 31 (highest) | 9 |
| Balance-sheet safety | 26 | 13 | 33 | 37 (highest) |
| Capital allocation | 50 | 60 (highest) | 13 | 60 (highest) |
| No price data | No price data | 103% above value if growth stopped today (largest discount to value if growth stopped today) | 485% above value if growth stopped today | |
| Market cap | Not reported | $4.9B | $301M | $5.4B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |