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.
COP · Energy · 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%.
CVX · Energy · 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%.
| Measure | COP | CVX | VVV |
|---|---|---|---|
| Moat Score (0–100) | 75 (highest) | 63 | 60 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 62 | 39 | 65 (highest) |
| Pricing power | 83 (highest) | 67 | 63 |
| Returns on capital | — | — | 90 |
| Balance-sheet safety | 70 | 79 (highest) | 36 |
| Capital allocation | 82 (highest) | 69 | 48 |
| 48% above value if growth stopped today | 64% above value if growth stopped today | 13% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $164.1B | $416.1B | $4.1B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 |