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.

DHI · Industrials · Narrow moat

Narrow moat

Wonderful & reasonably priced

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%.

DOV · Industrials · Narrow moat

Narrow moat

On the watchlist

EPAC · Industrials · Narrow moat

Narrow moat

On the watchlist

HBB · Industrials · Narrow moat

Narrow moat

On the watchlist

MeasureDHIDOVEPACHBB
Moat Score (0–100)67 (highest)67 (highest)67 (highest)67 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend565783 (highest)58
Pricing power336469 (highest)34
Returns on capital5838100 (highest)
Balance-sheet safety7868100 (highest)99
Capital allocation100 (highest)864442
18% below value if growth stopped today (largest discount to value if growth stopped today)98% above value if growth stopped todayNo price dataNo price data
Market cap$43.2B$27.3BNot reportedNot reported
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025