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.

MNTN · Technology · Narrow moat

Narrow moat

On the watchlist

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%.

AKAM · Technology · Narrow moat

Narrow moat

On the watchlist

ACN · Technology · Narrow moat

Narrow moat

Wonderful & reasonably priced

EPAM · Technology · Narrow moat

Narrow moat

Wonderful & reasonably priced

MeasureMNTNAKAMACNEPAM
Moat Score (0–100)78 (highest)78 (highest)78 (highest)77
Methodology versionmoat-index@2.0.0moat-index@2.0.0moat-index@2.0.0moat-index@2.0.0
Business trend7095 (highest)8664
Pricing power9799 (highest)5654
Returns on capital58100 (highest)100 (highest)
Balance-sheet safety100 (highest)6973100 (highest)
Capital discipline447075 (highest)68
Price vs. high estimateNo price data110% above high estimate34% below high estimate44% below high estimate (largest discount to high estimate)
Market cap$144.2M$17.8B$91.5B$4.9B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filings as ofFY2025FY2025FY2025FY2025