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.
UPS · 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%.
NELR · 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%.
| Measure | UPS | NELR | FLS | TNC |
|---|---|---|---|---|
| Moat Score (0–100) | 57 | 58 (highest) | 58 (highest) | 57 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 25 | 60 | 95 (highest) | 40 |
| Pricing power | — | 70 (highest) | 51 | 69 |
| Returns on capital | 100 (highest) | — | 25 | 36 |
| Balance-sheet safety | 46 | 78 | 40 | 82 (highest) |
| Capital allocation | 57 | 24 | 77 (highest) | 58 |
| No price data | No price data | 308% above value if growth stopped today | 43% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | Not reported | Not reported | $9.2B | $1.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |