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 | NL | VHI | SWIM | LWLG |
|---|---|---|---|---|
| Moat Score (0–100) | 37 (highest) | 37 (highest) | 37 (highest) | 37 (highest) |
| Pricing power | 52 | 12 | 49 | 70 (highest) |
| Returns on capital | 4 | 73 (highest) | 10 | 0 |
| Balance-sheet safety | 57 (highest) | 15 | 20 | 55 |
| Capital discipline | 43 | 44 | 76 (highest) | 24 |
| Margin of safety | 24% below value | 58% below value (highest margin of safety) | 1096% above value | No price data |
| Market cap | $288.3M | $411.1M | $687.8M | $909.9M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |