The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

OneWater Marine Inc.

ONEW · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

TARGET HOSPITALITY CORP.

TH · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

GameStop Corp.

GME · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

MaxCyte, Inc.

MXCT · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	ONEW	TH	GME	MXCT
Moat Score (0–100)	43 (highest)	43 (highest)	43 (highest)	42
Pricing power	35	64	40	89 (highest)
Returns on capital	58 (highest)	26	7	0
Balance-sheet safety	28	55	100 (highest)	55
Capital discipline	44 (highest)	24	43	24
Margin of safety	No price data	106% above value (highest margin of safety)	3054% above value	No price data
Market cap	—	$1.6B	$9.8B	$132.4M
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2026	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.