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.

CLX · Materials · Narrow moat

Narrow moat

On the watchlist

The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.

CF · Materials · Narrow moat

Narrow moat

Wonderful & reasonably priced

MTDR · Materials · Narrow moat

Narrow moat

Wonderful & reasonably priced

CDE · Materials · Narrow moat

Narrow moat

On the watchlist

MeasureCLXCFMTDRCDE
Moat Score (0–100)6162 (highest)6161
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend566476 (highest)70
Pricing power7023100 (highest)65
Returns on capital77 (highest)619
Balance-sheet safety608245100 (highest)
Capital allocation5764 (highest)2460
124% above value if growth stopped todayAround the value if growth stopped today21% below value if growth stopped today (largest discount to value if growth stopped today)No price data
Market cap$11.5B$20.7B$7.4B$13.8B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025