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 | ILMN | ONTO | NOC | AMGN |
|---|---|---|---|---|
| Moat Score (0–100) | 69 (highest) | 69 (highest) | 69 (highest) | 68 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 57 | 56 | 48 | 90 (highest) |
| Pricing power | 99 (highest) | 84 | 90 | 93 |
| Returns on capital | 86 (highest) | 26 | 76 | 80 |
| Balance-sheet safety | 42 | 100 (highest) | 41 | 14 |
| Capital allocation | 58 | 80 | 87 (highest) | 65 |
| No price data | 522% above value if growth stopped today | 65% above value if growth stopped today (largest discount to value if growth stopped today) | 102% above value if growth stopped today | |
| Market cap | $29.7B | $13.5B | $77.0B | $202.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |