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.
| Measure | NX | GWAV | ZEO | TRS |
|---|---|---|---|---|
| Moat Score (0–100) | 32 (highest) | 32 (highest) | 32 (highest) | 32 (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 | 50 | 50 | 0 | 55 (highest) |
| Pricing power | 37 | 39 | 71 (highest) | 36 |
| Returns on capital | 21 (highest) | 0 | 18 | 3 |
| Balance-sheet safety | 28 (highest) | 28 (highest) | 28 (highest) | 1 |
| Capital allocation | 24 | 44 | 44 | 64 (highest) |
| Around the value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | 106% above value if growth stopped today | |
| Market cap | $850M | $2.2M | Not reported | $1.5B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |