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.
| Measure | WCC | AGCO | SNDR | ESAB |
|---|---|---|---|---|
| Moat Score (0–100) | 54 (highest) | 54 (highest) | 54 (highest) | 54 (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 | 88 (highest) | 31 | 31 | 50 |
| Pricing power | 35 | 36 | 98 (highest) | 61 |
| Returns on capital | 14 | 29 | 54 (highest) | 28 |
| Balance-sheet safety | 50 | 76 (highest) | 58 | 71 |
| Capital discipline | 80 | 97 (highest) | 28 | 58 |
| Price vs. high estimate | No price data | 30% below high estimate (largest discount to high estimate) | 150% above high estimate | 8% above high estimate |
| Market cap | Not reported | $8.8B | $6.6B | $5.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |