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.
ULCC · Industrials · No 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%.
MRTN · Industrials · No 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 | ULCC | NPWR | MRTN | DIT |
|---|---|---|---|---|
| Moat Score (0–100) | 38 (highest) | 38 (highest) | 38 (highest) | 37 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 65 (highest) | 20 | 15 | 55 |
| Pricing power | — | 70 (highest) | — | 26 |
| Returns on capital | 6 | 0 | 35 (highest) | 29 |
| Balance-sheet safety | 55 | 55 | 100 (highest) | 45 |
| Capital allocation | 24 | 44 (highest) | 0 | 32 |
| No price data | No price data | 34% above value if growth stopped today | 70% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $1.1B | Not reported | $1.0B | $38.1M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |