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

PMTS · Materials · Narrow moat

Narrow moat

On the watchlist

CF · Materials · Narrow moat

Narrow moat

Wonderful & reasonably priced

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%.

MeasureMTDRPMTSCFCLX
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)556456
Pricing power100 (highest)542370
Returns on capital6182 (highest)77
Balance-sheet safety455382 (highest)60
Capital allocation2467 (highest)6457
25% below value if growth stopped today (largest discount to value if growth stopped today)7% below value if growth stopped today6% below value if growth stopped today99% above value if growth stopped today
Market cap$7.1B$277M$19.6B$10.2B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025