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.
LUV · Industrials · 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 | SPXC | LUV | INVX | CECO |
|---|---|---|---|---|
| Moat Score (0–100) | 47 | 48 (highest) | 48 (highest) | 47 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 65 | 60 | 80 | 95 (highest) |
| Pricing power | 45 | — | 22 | 56 (highest) |
| Returns on capital | 37 | 45 (highest) | 4 | 4 |
| Balance-sheet safety | 64 | 45 | 100 (highest) | 44 |
| Capital allocation | 24 | 40 (highest) | 31 | 36 |
| 196% above value if growth stopped today | 288% above value if growth stopped today | 130% above value if growth stopped today (largest discount to value if growth stopped today) | 1040% above value if growth stopped today | |
| Market cap | $8.3B | $20.1B | $1.9B | $2.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |