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.

HSIC · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

FZMD · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

BTOC · Industrials · Shallow moat

Shallow moat

On the watchlist

NHTC · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureHSICFZMDBTOCNHTC
Moat Score (0–100)44 (highest)44 (highest)44 (highest)43
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend432050 (highest)15
Pricing power5379099 (highest)
Returns on capital481482 (highest)0
Balance-sheet safety192855 (highest)55 (highest)
Capital allocation5580 (highest)3344
56% above value if growth stopped todayNo price data87% below value if growth stopped today (largest discount to value if growth stopped today)No price data
Market cap$9.9B$1.5M$10.8MNot reported
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2022FY2025FY2025