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.
WERN · 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%.
AMSC · Industrials · Shallow moat
Doesn't clear the bar
| Measure | WERN | TEX | FWRD | AMSC |
|---|---|---|---|---|
| Moat Score (0–100) | 41 (highest) | 41 (highest) | 41 (highest) | 41 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 43 | 33 | 61 | 62 (highest) |
| Pricing power | — | 30 | 85 (highest) | 14 |
| Returns on capital | 53 | 85 (highest) | 50 | 4 |
| Balance-sheet safety | 28 | 29 | 0 | 100 (highest) |
| Capital discipline | 40 (highest) | 29 | 12 | 24 |
| Price vs. high estimate | 122% above high estimate | 115% above high estimate | 65% below high estimate (largest discount to high estimate) | No price data |
| Market cap | $2.8B | $7.2B | $413.5M | $1.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |