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.

MTCH · Technology · Narrow moat

Narrow moat

Wonderful & reasonably priced

HUBB · Technology · Narrow moat

Narrow moat

On the watchlist

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%.

MELI · Technology · Narrow moat

Narrow moat

On the watchlist

MeasureMTCHHUBBMNTNMELI
Moat Score (0–100)78 (highest)78 (highest)78 (highest)78 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend839770100 (highest)
Pricing power99 (highest)489785
Returns on capital86 (highest)76—62
Balance-sheet safety2282100 (highest)81
Capital allocation100 (highest)884460
42% above value if growth stopped today (largest discount to value if growth stopped today)202% above value if growth stopped todayNo price data737% above value if growth stopped today
Market cap$9.9B$25.2B$155M$93.2B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025