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.

NDAQ · Other · Shallow moat

Shallow moat

Doesn't clear the bar

HKHC · Other · Shallow moat

Shallow moat

Doesn't clear the bar

CLSK · Other · Shallow moat

Shallow moat

Doesn't clear the bar

CG · Other · Shallow moat

Shallow moat

Doesn't clear the bar

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%.

MeasureNDAQHKHCCLSKCG
Moat Score (0–100)5558 (highest)5655
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend827585 (highest)10
Pricing power964363100 (highest)
Returns on capital16 (highest)110—
Balance-sheet safety19100 (highest)8848
Capital allocation60 (highest)60 (highest)4460 (highest)
326% above value if growth stopped todayNo price dataNo price data5% above value if growth stopped today (largest discount to value if growth stopped today)
Market cap$53.3B$382MNot reported$13.2B
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2025FY2028FY2025