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.

ELF · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

CAL · Materials · Shallow moat

Shallow moat

On the watchlist

MTX · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

OXY · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

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%.

MeasureELFCALMTXOXY
Moat Score (0–100)58 (highest)58 (highest)58 (highest)57
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend74 (highest)354127
Pricing power96444197 (highest)
Returns on capital2049 (highest)45
Balance-sheet safety51100 (highest)100 (highest)36
Capital allocation47646469 (highest)
394% above value if growth stopped today79% below value if growth stopped today (largest discount to value if growth stopped today)71% above value if growth stopped today11% below value if growth stopped today
Market cap$4.6B$399M$2.3B$54.0B
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2026FY2026FY2025FY2025