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.
| Measure | WS | HUBG | AGCO | AXON |
|---|---|---|---|---|
| Moat Score (0–100) | 46 | 47 (highest) | 47 (highest) | 46 |
| Pricing power | 15 | 17 | 36 | 100 (highest) |
| Returns on capital | 65 (highest) | 40 | 36 | 14 |
| Balance-sheet safety | 93 (highest) | 67 | 64 | 0 |
| Capital discipline | 19 | 80 (highest) | 61 | 60 |
| Margin of safety | 19% above value | 100% below value (highest margin of safety) | 50% above value | 2407% above value |
| Market cap | $1.8B | $3.1M | $8.4B | $40.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2024 | FY2025 | FY2025 |