The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | SPRS | CXT | TNC | ROCK |
|---|---|---|---|---|
| Moat Score (0–100) | 56 | 57 (highest) | 57 (highest) | 55 |
| Pricing power | 19 | 40 | 69 (highest) | 38 |
| Returns on capital | 71 (highest) | 69 | 50 | 58 |
| Balance-sheet safety | 100 (highest) | 65 | 66 | 100 (highest) |
| Capital discipline | 44 | 59 (highest) | 40 | 29 |
| Margin of safety | 79% above value | 13% above value (highest margin of safety) | 204% above value | 49% above value |
| Market cap | $22.6M | $2.9B | $1.5B | $1.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |