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.

NOBH · Materials · Narrow moat

Narrow moat

Wonderful & reasonably priced

TREX · Materials · Narrow moat

Narrow moat

On the watchlist

SCCO · Materials · Narrow moat

Narrow moat

On the watchlist

CVCO · Materials · Narrow moat

Narrow moat

On the watchlist

MeasureNOBHTREXSCCOCVCO
Moat Score (0–100)78 (highest)78 (highest)78 (highest)76
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend78 (highest)436573
Pricing power4067 (highest)67 (highest)36
Returns on capital100 (highest)100 (highest)95100 (highest)
Balance-sheet safety100 (highest)100 (highest)9673
Capital allocation728068100 (highest)
5% below value if growth stopped today (largest discount to value if growth stopped today)107% above value if growth stopped today337% above value if growth stopped today85% above value if growth stopped today
Market cap$89.5M$4.7B$164.4B$3.9B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2025FY2026