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.
CTVA · Agriculture · 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%.
VFF · Agriculture · 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%.
| Measure | GTBIF | CTVA | CALM | VFF |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 61 (highest) | 54 | 47 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 89 (highest) | 45 | 80 | 45 |
| Pricing power | 80 (highest) | 60 | 9 | 0 |
| Returns on capital | 7 | — | 36 (highest) | — |
| Balance-sheet safety | 67 | 76 | 100 (highest) | 81 |
| Capital allocation | 24 | 64 (highest) | 43 | 60 |
| 80% above value if growth stopped today | 52% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | |
| Market cap | $1.5B | $9.0B | Not reported | $296M |
| Moat tier | Shallow moat | Narrow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |