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.
NWTG · Consumer Discretionary · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
WAB · Consumer Discretionary · Shallow moat
Doesn't clear the bar
LOCO · Consumer Discretionary · 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%.
MOD · Consumer Discretionary · Shallow moat
Doesn't clear the bar
| Measure | NWTG | WAB | LOCO | MOD |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 54 (highest) | 54 (highest) | 53 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 57 | 92 (highest) | 64 | 65 |
| Pricing power | 55 (highest) | 49 | — | 15 |
| Returns on capital | — | 6 | 16 | 49 (highest) |
| Balance-sheet safety | 55 | 41 | 63 | 65 (highest) |
| Capital discipline | 46 | 80 (highest) | 72 | 71 |
| Price vs. high estimate | No price data | 241% above high estimate | 16% above high estimate (largest discount to high estimate) | 590% above high estimate |
| Market cap | $5.2M | $44.0B | $483.2M | $12.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |