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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

ADI · Technology · Narrow moat

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LOGI · Technology · Narrow moat

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SEZL · Technology · Narrow moat

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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%.

NOVT · Technology · Narrow moat

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MeasureADILOGISEZLNOVT
Moat Score (0–100)67 (highest)67 (highest)67 (highest)67 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend84 (highest)518069
Pricing power97 (highest)6373
Returns on capital34100 (highest)100 (highest)18
Balance-sheet safety56100 (highest)54100 (highest)
Capital discipline60203273 (highest)
Price vs. high estimate171% above high estimate (largest discount to high estimate)No price data5846% above high estimate188% above high estimate
Market cap$182.1BNot reported$5.2B$5.0B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filings as ofFY2025FY2026FY2025FY2025