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.
RWAX · 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%.
| Measure | RWAX | CXT | IVFH | FLS |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 54 (highest) | 54 (highest) | 53 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 70 | 44 | 69 | 71 (highest) |
| Pricing power | 71 (highest) | 40 | 39 | 51 |
| Returns on capital | — | 62 (highest) | 37 | 25 |
| Balance-sheet safety | 28 | 65 | 100 (highest) | 40 |
| Capital discipline | 44 | 59 | 24 | 77 (highest) |
| Price vs. high estimate | No price data | 12% above high estimate (largest discount to high estimate) | No price data | 132% above high estimate |
| Market cap | — | $2.9B | $13.7M | $8.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |