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.

CNH · Industrials · Shallow moat

Shallow 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%.

CCK · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

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%.

SKAS · Industrials · Shallow moat

Shallow moat

On the watchlist

DXPE · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureCNHCCKSKASDXPE
Moat Score (0–100)5556 (highest)5555
Methodology versionmoat-index@2.0.0moat-index@2.0.0moat-index@2.0.0moat-index@2.0.0
Business trend55692375 (highest)
Pricing power2662 (highest)47
Returns on capital5280 (highest)31
Balance-sheet safety78 (highest)245523
Capital discipline61765598 (highest)
Price vs. high estimate33% below high estimate54% above high estimate52% below high estimate (largest discount to high estimate)215% above high estimate
Market cap$12.8B$13.0B$6.7M$2.6B
Moat tierShallow moatShallow moatShallow moatShallow moat
Filings as ofFY2025FY2025FY2025FY2025