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%.
FSTJ · Industrials · 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%.
EDUC · Industrials · Shallow moat
On the watchlist
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%.
| Measure | UAL | FSTJ | EDUC | HUBG |
|---|---|---|---|---|
| Moat Score (0–100) | 52 | 53 (highest) | 52 | 52 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 85 (highest) | 70 | 10 | 66 |
| Pricing power | — | 93 | 96 (highest) | 17 |
| Returns on capital | 44 (highest) | — | — | 30 |
| Balance-sheet safety | 31 | 28 | 62 | 67 (highest) |
| Capital allocation | 48 | 19 | 42 | 80 (highest) |
| 32% above value if growth stopped today | 2572% above value if growth stopped today | 50% below value if growth stopped today | 100% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $38.3B | $44M | $12.3M | $3M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2024 |