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.

CVI · Energy · No moat

No moat

Doesn't clear the bar

VLO · Energy · Shallow moat

Shallow moat

Doesn't clear the bar

MPC · Energy · No moat

No moat

Doesn't clear the bar

PBF · Energy · No moat

No moat

Doesn't clear the bar

MeasureCVIVLOMPCPBF
Moat Score (0–100)3642 (highest)4031
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend4354 (highest)3829
Pricing power007 (highest)0
Returns on capital32484457 (highest)
Balance-sheet safety2657 (highest)2928
Capital allocation80 (highest)4980 (highest)41
No price data133% above value if growth stopped todayNo price data104% above value if growth stopped today (largest discount to value if growth stopped today)
Market capNot reported$90.5BNot reported$5.2B
Moat tierNo moatShallow moatNo moatNo moat
Filing dateFY2025FY2025FY2025FY2025