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 | WCC | ESAB | 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 | 88 (highest) | 50 | 43 |
| Pricing power | 98 (highest) | 35 | 61 | 90 |
| Returns on capital | 0 | 14 | 28 (highest) | 12 |
| Balance-sheet safety | 42 | 50 | 71 (highest) | 66 |
| Capital allocation | 43 | 80 (highest) | 58 | 56 |
| 115% above value if growth stopped today | No price data | 75% above value if growth stopped today | 56% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $539M | Not reported | $5.1B | $19.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |