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.
ETN · Industrials · Narrow moat
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The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | OFLX | CNM | ETN | NVT |
|---|---|---|---|---|
| Moat Score (0–100) | 70 | 71 (highest) | 70 | 69 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 10 | 100 (highest) | 97 | 90 |
| Pricing power | 100 (highest) | 45 | 53 | 67 |
| Returns on capital | 100 (highest) | 74 | 50 | 13 |
| Balance-sheet safety | 100 (highest) | 36 | — | 78 |
| Capital allocation | 38 | 100 (highest) | 81 | 97 |
| 13% above value if growth stopped today (largest discount to value if growth stopped today) | 48% above value if growth stopped today | 321% above value if growth stopped today | 399% above value if growth stopped today | |
| Market cap | $261M | $8.0B | $158.6B | $24.7B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |