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.

POLARIS INC.

PII · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Fox Factory Holding Corp.

FOXF · Consumer Discretionary · Shallow moat

Shallow moat

On the watchlist

DUTCH BROS INC.

BROS · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

REBORN COFFEE, INC.

REBN · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	PII	FOXF	BROS	REBN
Moat Score (0–100)	50	51 (highest)	50	50
Pricing power	38	57	29	100 (highest)
Returns on capital	69	78 (highest)	43	0
Balance-sheet safety	28	28	100 (highest)	55
Capital discipline	64 (highest)	24	44	44
Margin of safety	17% below value	47% below value (highest margin of safety)	No price data	No price data
Market cap	$4.1B	$795.1M	—	$10.9M
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2025	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.