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.
| Measure | EW | UTMD | TER | NATR |
|---|---|---|---|---|
| Moat Score (0–100) | 76 | 77 (highest) | 76 | 75 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 43 | 23 | 23 | 44 (highest) |
| Pricing power | 98 | 100 (highest) | 97 | 100 (highest) |
| Returns on capital | 100 (highest) | 100 (highest) | 97 | 66 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 73 |
| Capital allocation | 37 | 63 | 64 | 93 (highest) |
| 201% above value if growth stopped today | Around the value if growth stopped today (largest discount to value if growth stopped today) | 811% above value if growth stopped today | 21% above value if growth stopped today | |
| Market cap | $50.2B | $238M | $56.1B | $221M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |