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.
LPG · Industrials · Narrow moat
Wonderful & reasonably priced
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 | PLPC | HWKN | NDSN | LPG |
|---|---|---|---|---|
| Moat Score (0–100) | 65 | 66 (highest) | 65 | 65 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 63 | 98 (highest) | 73 | 90 |
| Pricing power | 56 | 28 | 92 (highest) | — |
| Returns on capital | 28 | 42 | 61 (highest) | 14 |
| Balance-sheet safety | 100 (highest) | 81 | 34 | 57 |
| Capital allocation | 80 | 80 | 66 | 100 (highest) |
| 218% above value if growth stopped today | 245% above value if growth stopped today | 190% above value if growth stopped today | Around the value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $1.5B | $2.9B | $16.5B | $1.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2026 |