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.

INVA · Healthcare · Wide moat

Wide moat

Wonderful & reasonably priced

SBC · Healthcare · Wide moat

Wide moat

Wonderful & reasonably priced

PFHO · Healthcare · Wide moat

Wide moat

On the watchlist

HRMY · Healthcare · Wide moat

Wide moat

On the watchlist

MeasureINVASBCPFHOHRMY
Moat Score (0–100)8283 (highest)83 (highest)82
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend45588395 (highest)
Pricing power98100 (highest)100 (highest)99
Returns on capital95100 (highest)86100 (highest)
Balance-sheet safety75100 (highest)7386
Capital allocation100 (highest)567132
36% below value if growth stopped today41% below value if growth stopped today (largest discount to value if growth stopped today)5% above value if growth stopped today9% above value if growth stopped today
Market cap$1.6B$314M$10.6M$2.0B
Moat tierWide moatWide moatWide moatWide moat
Filing dateFY2025FY2025FY2025FY2025