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.

ECG · Industrials · Narrow moat

Narrow moat

On the watchlist

CMI · Industrials · Narrow moat

Narrow moat

On the watchlist

SAIA · Industrials · Narrow moat

Narrow moat

On the watchlist

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%.

MLI · Industrials · Narrow moat

Narrow moat

Wonderful & reasonably priced

MeasureECGCMISAIAMLI
Moat Score (0–100)76 (highest)76 (highest)76 (highest)76 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend100 (highest)857375
Pricing power2545 (highest)24
Returns on capital100 (highest)9666100 (highest)
Balance-sheet safety766997100 (highest)
Capital allocation8087 (highest)7080
325% above value if growth stopped today279% above value if growth stopped today186% above value if growth stopped today6% above value if growth stopped today (largest discount to value if growth stopped today)
Market cap$6.6B$91.8B$11.3B$7.1B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025