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.
PANL · Industrials · 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%.
NUE · Industrials · Shallow moat
On the watchlist
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%.
| Measure | PANL | SKYW | RCL | NUE |
|---|---|---|---|---|
| Moat Score (0–100) | 45 (highest) | 45 (highest) | 45 (highest) | 45 (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 | 29 | 90 (highest) | 85 | 19 |
| Pricing power | — | 0 | 45 (highest) | 0 |
| Returns on capital | 39 (highest) | 3 | 16 | — |
| Balance-sheet safety | 55 | 33 | 20 | 74 (highest) |
| Capital allocation | 57 | 100 (highest) | 60 | 86 |
| 55% above value if growth stopped today | 29% below value if growth stopped today (largest discount to value if growth stopped today) | 321% above value if growth stopped today | 12% above value if growth stopped today | |
| Market cap | $498M | $4.2B | $79.4B | $56.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |