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.
STRT · Consumer Discretionary · Shallow moat
Doesn't clear the bar
BH · 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
| Measure | STRT | BH | TNL | AIRO |
|---|---|---|---|---|
| Moat Score (0–100) | 51 (highest) | 51 (highest) | 51 (highest) | 51 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 88 (highest) | 39 | 67 | 59 |
| Pricing power | 10 | 65 | 100 (highest) | 94 |
| Returns on capital | 22 | — | 45 (highest) | 0 |
| Balance-sheet safety | 73 (highest) | 55 | 1 | 55 |
| Capital allocation | 60 (highest) | 44 | 40 | 44 |
| 4% below value if growth stopped today | No price data | 14% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $247M | Not reported | $4.1B | $172M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |