The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | CBT | VMC | ECL | CDE |
|---|---|---|---|---|
| Moat Score (0–100) | 57 | 58 (highest) | 58 (highest) | 57 |
| Pricing power | 37 | 42 | 70 (highest) | 65 |
| Returns on capital | 64 | 71 (highest) | 51 | 18 |
| Balance-sheet safety | 55 | 39 | 34 | 100 (highest) |
| Capital discipline | 79 | 82 (highest) | 75 | 60 |
| Margin of safety | 20% below value (highest margin of safety) | 124% above value | 615% above value | No price data |
| Market cap | $4.8B | $37.7B | $76.9B | $9.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |