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.
GOLD · Industrials · Shallow moat
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The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | XPO | GOLD | FWRD | AEBI |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 40 (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 | 51 | 54 | 55 | 60 (highest) |
| Pricing power | 48 | 0 | 85 (highest) | 38 |
| Returns on capital | 11 | — | 50 (highest) | 21 |
| Balance-sheet safety | 21 | 28 (highest) | 0 | 0 |
| Capital discipline | 69 | 80 (highest) | 12 | 80 (highest) |
| Price vs. high estimate | 258% above high estimate | 44% below high estimate | 59% below high estimate (largest discount to high estimate) | 128% above high estimate |
| Market cap | $24.9B | $970M | $478M | $1.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |