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.

MTDR · Materials · Narrow moat

Narrow moat

Wonderful & reasonably priced

CF · Materials · Narrow moat

Narrow moat

Wonderful & reasonably priced

TPR · Materials · Narrow moat

Narrow moat

On the watchlist

CLX · Materials · 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%.

MeasureMTDRCFTPRCLX
Moat Score (0–100)6162 (highest)62 (highest)61
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend76 (highest)645056
Pricing power100 (highest)239870
Returns on capital617797 (highest)
Balance-sheet safety4582 (highest)2460
Capital discipline2464 (highest)4057
Price vs. high estimate33% below high estimate43% below high estimate (largest discount to high estimate)185% above high estimate128% above high estimate
Market cap$6.3B$19.2B$29.7B$11.7B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filings as ofFY2025FY2025FY2025FY2025