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.
GBTG · Industrials · No 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%.
| Measure | PFGC | FET | GBTG | LYTS |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 40 (highest) | 40 (highest) | 39 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 90 (highest) | 60 | 85 | 76 |
| Pricing power | 25 | 15 | — | 41 (highest) |
| Returns on capital | 6 | 0 | 0 | 8 (highest) |
| Balance-sheet safety | 15 | 78 (highest) | 13 | 11 |
| Capital allocation | 60 (highest) | 44 | 60 (highest) | 60 (highest) |
| 130% above value if growth stopped today | 908% above value if growth stopped today | No price data | 104% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $15.3B | $886M | $5.0B | $729M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2026 |