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.
VRRM · Industrials · Shallow moat
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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 | NWPX | VRRM | HDSN | GEV |
|---|---|---|---|---|
| Moat Score (0–100) | 50 (highest) | 50 (highest) | 50 (highest) | 50 (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 | 95 (highest) | 90 | 38 | 82 |
| Pricing power | 3 | — | 19 (highest) | 10 |
| Returns on capital | 10 | 8 | 38 (highest) | 9 |
| Balance-sheet safety | 96 | 22 | 100 (highest) | 100 (highest) |
| Capital allocation | 44 | 80 (highest) | 55 | 47 |
| 258% above value if growth stopped today | 58% below value if growth stopped today (largest discount to value if growth stopped today) | 30% below value if growth stopped today | 2933% above value if growth stopped today | |
| Market cap | $1.2B | $622M | $264M | $273.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |