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.
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%.
CNS · 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%.
SF · 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%.
| Measure | BLK | CNS | SF | VCTR |
|---|---|---|---|---|
| Moat Score (0–100) | 66 | 68 (highest) | 66 | 65 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 76 (highest) | 33 | 31 | 74 |
| Pricing power | — | — | — | — |
| Returns on capital | 60 | 100 (highest) | 88 | 56 |
| Balance-sheet safety | 76 | 100 (highest) | 78 | 49 |
| Capital discipline | 53 | 39 | 69 | 80 (highest) |
| Price vs. high estimate | 148% above high estimate | 47% above high estimate (largest discount to high estimate) | No price data | 79% above high estimate |
| Market cap | $163.7B | $4.2B | Not reported | $6.2B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |