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.

MGRC · Technology · Narrow moat

Narrow moat

Wonderful & reasonably priced

TXN · Technology · Narrow moat

Narrow moat

On the watchlist

NVEC · Technology · Narrow moat

Narrow moat

On the watchlist

HSTM · Technology · Narrow moat

Narrow moat

On the watchlist

The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.

MeasureMGRCTXNNVECHSTM
Moat Score (0–100)70 (highest)70 (highest)70 (highest)69
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend95 (highest)283784
Pricing power7097 (highest)70—
Returns on capital80100 (highest)100 (highest)0
Balance-sheet safety4259100 (highest)100 (highest)
Capital allocation61654294 (highest)
14% above value if growth stopped today (largest discount to value if growth stopped today)250% above value if growth stopped today197% above value if growth stopped today66% above value if growth stopped today
Market cap$2.8B$253.3B$502M$998M
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2026FY2025