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.

MLI · Industrials · Narrow moat

Narrow moat

Wonderful & reasonably priced

SAIA · Industrials · 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%.

ECG · Industrials · Narrow moat

Narrow moat

On the watchlist

AME · Industrials · Narrow moat

Narrow moat

On the watchlist

MeasureMLISAIAECGAME
Moat Score (0–100)76 (highest)76 (highest)76 (highest)76 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend7573100 (highest)95
Pricing power24—2560 (highest)
Returns on capital100 (highest)66100 (highest)54
Balance-sheet safety100 (highest)977689
Capital allocation80 (highest)7080 (highest)80 (highest)
Around the value if growth stopped today (largest discount to value if growth stopped today)126% above value if growth stopped today272% above value if growth stopped today236% above value if growth stopped today
Market cap$6.8B$8.9B$5.8B$56.5B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025