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.
AAMI · Other · Narrow moat
Wonderful & reasonably priced
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%.
BLK · Other · Narrow moat
On the watchlist
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%.
VCTR · Other · Narrow moat
On the watchlist
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%.
UROY · Other · Narrow moat
On the watchlist
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%.
| Measure | AAMI | BLK | VCTR | UROY |
|---|---|---|---|---|
| Moat Score (0–100) | 64 | 66 (highest) | 65 | 63 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 39 | 76 | 74 | 80 (highest) |
| Pricing power | — | — | — | — |
| Returns on capital | 100 (highest) | 60 | 56 | 12 |
| Balance-sheet safety | 36 | 76 | 49 | 100 (highest) |
| Capital allocation | 80 (highest) | 53 | 80 (highest) | 61 |
| 65% below value if growth stopped today (largest discount to value if growth stopped today) | 148% above value if growth stopped today | 96% above value if growth stopped today | 339% above value if growth stopped today | |
| Market cap | $3.2B | $163.7B | $6.8B | $668M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |