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.

ZUMIEZ INC

ZUMZ · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

MALIBU BOATS, INC.

MBUU · Consumer Discretionary · Shallow moat

Shallow moat

On the watchlist

UNIFIRST CORPORATION

UNF · Consumer Discretionary · Shallow moat

Shallow moat

Doesn't clear the bar

LESLIE’S, INC.

LESL · Consumer Discretionary · Shallow moat

Shallow moat

On the watchlist

Measure	ZUMZ	MBUU	UNF	LESL
Moat Score (0–100)	58	59 (highest)	58	58
Pricing power	57	33	62	64 (highest)
Returns on capital	40	93	24	94 (highest)
Balance-sheet safety	100 (highest)	79	100 (highest)	28
Capital discipline	44	25	60 (highest)	24
Margin of safety	36% above value	52% below value	235% above value	92% below value (highest margin of safety)
Market cap	$317.2M	$554.8M	$5.4B	$24.1M
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2026	FY2025	FY2025	FY2025

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.