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.
UNP · Industrials · Narrow moat
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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 | UNP | TTC | FDX | HWKN |
|---|---|---|---|---|
| Moat Score (0–100) | 66 | 67 (highest) | 67 (highest) | 66 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 | 48 | 74 | 98 (highest) |
| Pricing power | — | 59 | 100 (highest) | 28 |
| Returns on capital | 81 | 100 (highest) | 34 | 42 |
| Balance-sheet safety | 35 | 53 | 47 | 81 (highest) |
| Capital discipline | 79 | 74 | 78 | 80 (highest) |
| Price vs. high estimate | 50% above high estimate (largest discount to high estimate) | 81% above high estimate | 56% above high estimate | 113% above high estimate |
| Market cap | $182.3B | $9.2B | $74.5B | $2.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2026 |