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.
NPK · Industrials · Shallow moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
HTLD · Industrials · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | NPK | HTLD | CENT | SKYW |
|---|---|---|---|---|
| Moat Score (0–100) | 45 | 46 (highest) | 46 (highest) | 45 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | — | 45 | 39 | 90 (highest) |
| Pricing power | 25 | — | 53 (highest) | 0 |
| Returns on capital | 37 | 43 (highest) | 28 | 3 |
| Balance-sheet safety | 100 (highest) | 36 | 48 | 33 |
| Capital allocation | 20 | 58 | 60 | 100 (highest) |
| 186% above value if growth stopped today | 84% above value if growth stopped today | 55% above value if growth stopped today | 36% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $1.0B | $862M | $2.7B | $3.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |