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 | MWA | LNN | KAI | CNM |
|---|---|---|---|---|
| Moat Score (0–100) | 71 (highest) | 71 (highest) | 71 (highest) | 71 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 93 | 74 | 79 | 100 (highest) |
| Pricing power | 54 | 44 | 75 (highest) | 45 |
| Returns on capital | 42 | 61 | 89 (highest) | 74 |
| Balance-sheet safety | 82 | 100 (highest) | 48 | 36 |
| Capital allocation | 85 | 77 | 64 | 100 (highest) |
| 251% above value if growth stopped today | No price data | 160% above value if growth stopped today | 59% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $3.9B | Not reported | $3.7B | $8.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |