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 | EXPE | PLUS | EME | WSO |
|---|---|---|---|---|
| Moat Score (0–100) | 78 (highest) | 78 (highest) | 78 (highest) | 77 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 85 | 80 | 100 (highest) | 64 |
| Pricing power | 100 (highest) | 43 | 20 | 43 |
| Returns on capital | 42 | 86 | 97 | 100 (highest) |
| Balance-sheet safety | 62 | 100 (highest) | 73 | 99 |
| Capital allocation | 100 (highest) | 80 | 100 (highest) | 80 |
| 243% above value if growth stopped today | 67% above value if growth stopped today (largest discount to value if growth stopped today) | 371% above value if growth stopped today | No price data | |
| Market cap | $30.4B | $2.3B | $33.2B | Not reported |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |