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.
UAL · 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 | UAL | BC | HELE | PWR |
|---|---|---|---|---|
| Moat Score (0–100) | 49 (highest) | 49 (highest) | 49 (highest) | 49 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 72 | 45 | 51 | 98 (highest) |
| Pricing power | — | 43 | 71 (highest) | 27 |
| Returns on capital | 44 | 93 (highest) | 32 | 12 |
| Balance-sheet safety | 31 | 0 | 28 | 35 (highest) |
| Capital discipline | 48 | 64 | 64 | 73 (highest) |
| Price vs. high estimate | 31% above high estimate | 10% above high estimate | 61% below high estimate (largest discount to high estimate) | 469% above high estimate |
| Market cap | $38.0B | $5.1B | $645.9M | $94.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |