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.
ZWS · Industrials · Shallow moat
Doesn't clear the bar
RWAX · Industrials · Shallow moat
Doesn't clear the bar
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%.
CRTD · Industrials · Shallow moat
Doesn't clear the bar
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 | ZWS | RWAX | HLIO | CRTD |
|---|---|---|---|---|
| Moat Score (0–100) | 53 (highest) | 53 (highest) | 53 (highest) | 53 (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 | 84 (highest) | 70 | 33 | 70 |
| Pricing power | 60 | 71 (highest) | 57 | 70 |
| Returns on capital | 20 | — | 35 (highest) | — |
| Balance-sheet safety | 67 | 28 | 80 (highest) | 28 |
| Capital allocation | 34 | 44 | 60 (highest) | 44 |
| 501% above value if growth stopped today | No price data | 171% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $8.1B | Not reported | $2.6B | $199M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2022 |