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 | MLM | EL | MUR | CHRD |
|---|---|---|---|---|
| Moat Score (0–100) | 50 (highest) | 50 (highest) | 50 (highest) | 50 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 76 (highest) | 14 | 33 | 50 |
| Pricing power | 37 | 99 | 100 (highest) | 97 |
| Returns on capital | 19 | 86 (highest) | 7 | 12 |
| Balance-sheet safety | 31 | 0 | 47 (highest) | 46 |
| Capital discipline | 87 (highest) | 53 | 64 | 44 |
| Price vs. high estimate | 65% above high estimate | 158% above high estimate | 23% above high estimate | 17% below high estimate (largest discount to high estimate) |
| Market cap | $33.7B | $28.9B | $5.6B | $7.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |