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.

ThredUp Inc.

TDUP · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

INGLES MARKETS, INCORPORATED

IMKTA · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Park Aerospace Corp.

PKE · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

BFAM · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	TDUP	IMKTA	PKE	BFAM
Moat Score (0–100)	44	45 (highest)	44	44
Pricing power	95 (highest)	43	49	39
Returns on capital	0	28 (highest)	9	27
Balance-sheet safety	55	56	100 (highest)	47
Capital discipline	24	59	35	74 (highest)
Margin of safety	No price data	No price data	345% above value	104% above value (highest margin of safety)
Market cap	$838.4M	—	$677.3M	$4.3B
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2026	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.