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.
RMTG · Consumer Discretionary · 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%.
AIRO · Consumer Discretionary · Shallow moat
Doesn't clear the bar
NRC · Consumer Discretionary · Shallow moat
Doesn't clear the bar
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 | RMTG | TNL | AIRO | NRC |
|---|---|---|---|---|
| Moat Score (0–100) | 50 | 51 (highest) | 51 (highest) | 50 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 | 67 (highest) | 59 | 66 |
| Pricing power | 62 | 100 (highest) | 94 | — |
| Returns on capital | — | 45 | 0 | 100 (highest) |
| Balance-sheet safety | 55 (highest) | 1 | 55 (highest) | 30 |
| Capital allocation | 24 | 40 | 44 (highest) | 4 |
| No price data | Around the value if growth stopped today (largest discount to value if growth stopped today) | No price data | 38% above value if growth stopped today | |
| Market cap | $1.2M | $4.6B | $213M | $476M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |