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.
MRTN · Industrials · No 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 | NPWR | BZH | NOV | MRTN |
|---|---|---|---|---|
| Moat Score (0–100) | 38 (highest) | 38 (highest) | 38 (highest) | 38 (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 | 20 | 40 | 75 (highest) | 15 |
| Pricing power | 70 (highest) | 8 | 1 | — |
| Returns on capital | 0 | 4 | 0 | 35 (highest) |
| Balance-sheet safety | 55 | 40 | 61 | 100 (highest) |
| Capital allocation | 44 | 100 (highest) | 53 | 0 |
| No price data | 36% below value if growth stopped today (largest discount to value if growth stopped today) | 150% above value if growth stopped today | 34% above value if growth stopped today | |
| Market cap | Not reported | $994M | $6.7B | $1.1B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |