The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

VERA BRADLEY, INC.

VRA · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

AXIL Brands, Inc.

AXIL · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

NCS Multistage Holdings, Inc.

NCSM · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

Element Solutions Inc

ESI · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	VRA	AXIL	NCSM	ESI
Moat Score (0–100)	52	53 (highest)	52	52
Pricing power	86 (highest)	79	64	70
Returns on capital	7	15 (highest)	4	0
Balance-sheet safety	55	100 (highest)	100 (highest)	72
Capital discipline	64	24	60	80 (highest)
Margin of safety	No price data	308% above value (highest margin of safety)	358% above value	No price data
Market cap	$104.9M	$38.7M	$111.0M	—
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2026	FY2025	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.