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.

V2X, Inc.

VVX · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Lithia Motors, Inc.

LAD · Consumer Discretionary · Shallow moat

Shallow moat

On the watchlist

Daktronics, Inc.

DAKT · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

DULUTH HOLDINGS INC.

DLTH · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	VVX	LAD	DAKT	DLTH
Moat Score (0–100)	48 (highest)	48 (highest)	48 (highest)	48 (highest)
Pricing power	26	24	34	88 (highest)
Returns on capital	48	63 (highest)	21	49
Balance-sheet safety	48	9	100 (highest)	28
Capital discipline	80	100 (highest)	56	6
Margin of safety	472% above value	29% below value (highest margin of safety)	654% above value	797% above value
Market cap	$2.4B	$7.9B	$923.2M	$147.8M
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2026	FY2026

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.