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.

LDDD · Healthcare · Narrow moat

Narrow moat

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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%.

LMAT · Healthcare · Narrow moat

Narrow moat

On the watchlist

VLTO · Healthcare · Narrow moat

Narrow moat

On the watchlist

VRTX · Healthcare · Narrow moat

Narrow moat

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MeasureLDDDLMATVLTOVRTX
Moat Score (0–100)7678 (highest)7776
Methodology versionmoat-index@2.0.0moat-index@2.0.0moat-index@2.0.0moat-index@2.0.0
Business trend7096 (highest)7273
Pricing power919997100 (highest)
Returns on capital62100 (highest)96
Balance-sheet safety100 (highest)557773
Capital discipline4478 (highest)4239
Price vs. high estimateNo price data289% above high estimate131% above high estimate104% above high estimate (largest discount to high estimate)
Market cap$15.3M$2.3B$23.1B$122.0B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filings as ofFY2025FY2025FY2025FY2025