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 | TRS | SEB | PWR | DNOW |
|---|---|---|---|---|
| Moat Score (0–100) | 26 (highest) | 26 (highest) | 26 (highest) | 26 (highest) |
| Pricing power | 36 (highest) | 6 | 27 | 27 |
| Returns on capital | 6 | 4 | 22 (highest) | 11 |
| Balance-sheet safety | 1 | 39 (highest) | 18 | 28 |
| Capital discipline | 64 | 76 (highest) | 37 | 44 |
| Margin of safety | 57% above value | 22% below value (highest margin of safety) | 1637% above value | 127% above value |
| Market cap | $1.5B | $4.3B | $94.0B | $2.6B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |