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 | MLAB | FTV | HLIO |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 54 (highest) | 53 | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 | 86 (highest) | 43 | 33 |
| Pricing power | 71 | 98 (highest) | 90 | 57 |
| Returns on capital | — | 0 | 12 | 35 (highest) |
| Balance-sheet safety | 28 | 42 | 66 | 80 (highest) |
| Capital allocation | 44 | 43 | 56 | 60 (highest) |
| No price data | 115% above value if growth stopped today | 56% above value if growth stopped today (largest discount to value if growth stopped today) | 171% above value if growth stopped today | |
| Market cap | Not reported | $539M | $19.5B | $2.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |