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.
VRRM · Industrials · Shallow moat
On the watchlist
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%.
FLOC · Industrials · Shallow moat
Doesn't clear the bar
The businessTrend component abstained: Only one aligned fiscal year of revenue and diluted EPS is available; a trend needs at least two observations. The other four 20% weights were renormalized over the scored 80%.
| Measure | VRRM | FLOC | SPRS | HDSN |
|---|---|---|---|---|
| Moat Score (0–100) | 50 (highest) | 50 (highest) | 50 (highest) | 50 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 90 (highest) | — | 20 | 38 |
| Pricing power | — | 0 | 19 (highest) | 19 (highest) |
| Returns on capital | 8 | 100 (highest) | 67 | 38 |
| Balance-sheet safety | 22 | 62 | 100 (highest) | 100 (highest) |
| Capital allocation | 80 (highest) | 39 | 44 | 55 |
| 58% below value if growth stopped today (largest discount to value if growth stopped today) | 179% above value if growth stopped today | 74% above value if growth stopped today | 30% below value if growth stopped today | |
| Market cap | $622M | $1.8B | $22M | $264M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |