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.
PSIX · Industrials · Shallow moat
Doesn't clear the bar
| Measure | PLOW | TNC | PSIX | BCO |
|---|---|---|---|---|
| Moat Score (0–100) | 56 | 57 (highest) | 56 | 56 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 75 | 40 | 85 | 87 (highest) |
| Pricing power | 41 | 69 (highest) | 2 | 39 |
| Returns on capital | 49 | 36 | 87 (highest) | 38 |
| Balance-sheet safety | 78 | 82 | 84 (highest) | 17 |
| Capital allocation | 39 | 58 | 24 | 100 (highest) |
| 76% above value if growth stopped today | 7% above value if growth stopped today (largest discount to value if growth stopped today) | 267% above value if growth stopped today | 62% above value if growth stopped today | |
| Market cap | $920M | $1.2B | $1.1B | $4.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |