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.
PPIH · Industrials · Shallow moat
Doesn't clear the bar
CNH · Industrials · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
BKR · Industrials · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | PPIH | CNH | BKR | KN |
|---|---|---|---|---|
| Moat Score (0–100) | 46 | 47 (highest) | 47 (highest) | 46 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 95 (highest) | 23 | 78 | 25 |
| Pricing power | 13 | 26 | 20 | 63 (highest) |
| Returns on capital | 36 (highest) | — | 4 | 0 |
| Balance-sheet safety | 57 | 78 | — | 84 (highest) |
| Capital allocation | 30 | 61 | 85 (highest) | 59 |
| 120% above value if growth stopped today | 22% below value if growth stopped today (largest discount to value if growth stopped today) | 149% above value if growth stopped today | 446% above value if growth stopped today | |
| Market cap | $238M | $14.8B | $53.8B | $2.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |