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.
BKNG · Industrials · Wide moat
On the watchlist
The capitalDiscipline component abstained: Not enough owner-earnings history to score capital discipline. The other four 20% weights were renormalized over the scored 80%.
DAL · Industrials · Wide 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 | BKNG | DAL | GWW | GGG |
|---|---|---|---|---|
| Moat Score (0–100) | 89 | 90 (highest) | 90 (highest) | 89 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 100 (highest) | 95 | 92 | 76 |
| Pricing power | 100 (highest) | — | 66 | 89 |
| Returns on capital | 95 | 100 (highest) | 100 (highest) | 97 |
| Balance-sheet safety | 61 | 100 (highest) | 91 | 100 (highest) |
| Capital allocation | — | 65 | 100 (highest) | 83 |
| No price data | 28% above value if growth stopped today (largest discount to value if growth stopped today) | 233% above value if growth stopped today | 151% above value if growth stopped today | |
| Market cap | $5.2B | $49.2B | $63.0B | $13.5B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |