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.
| Measure | MLAB | ESAB | CRS | FTV |
|---|---|---|---|---|
| Moat Score (0–100) | 54 (highest) | 54 (highest) | 54 (highest) | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 86 (highest) | 50 | 85 | 43 |
| Pricing power | 98 (highest) | 61 | 3 | 90 |
| Returns on capital | 0 | 28 (highest) | 19 | 12 |
| Balance-sheet safety | 42 | 71 | 92 (highest) | 66 |
| Capital allocation | 43 | 58 | 68 (highest) | 56 |
| 180% above value if growth stopped today | 35% above value if growth stopped today (largest discount to value if growth stopped today) | 712% above value if growth stopped today | 38% above value if growth stopped today | |
| Market cap | $699M | $3.9B | $20.2B | $17.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2026 | FY2025 |