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.

DOUGLAS DYNAMICS, INC

PLOW · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

Smith & Wesson Brands, Inc.

SWBI · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

Brunswick Corporation

BC · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

JANUS INTERNATIONAL GROUP, INC.

JBI · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	PLOW	SWBI	BC	JBI
Moat Score (0–100)	52	54 (highest)	54 (highest)	52
Pricing power	41	38	43	59 (highest)
Returns on capital	56	48	93 (highest)	52
Balance-sheet safety	78	100 (highest)	0	27
Capital discipline	39	40	64	66 (highest)
Margin of safety	21% above value	62% above value	12% above value (highest margin of safety)	No price data
Market cap	$1.0B	$662.8M	$5.2B	—
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2026	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.