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.
| Measure | NHTC | FLS | FZMD | EAF |
|---|---|---|---|---|
| Moat Score (0–100) | 49 (highest) | 49 (highest) | 49 (highest) | 49 (highest) |
| Pricing power | 99 (highest) | 51 | 79 | 23 |
| Returns on capital | 0 | 35 | 14 | 80 (highest) |
| Balance-sheet safety | 55 (highest) | 40 | 28 | 28 |
| Capital discipline | 44 | 77 | 80 (highest) | 64 |
| Margin of safety | No price data | 138% above value | No price data | No price data |
| Market cap | — | $8.7B | $2.1M | $178.9M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2022 | FY2025 |