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.
| Measure | NOC | CHE | ONTO | ILMN |
|---|---|---|---|---|
| Moat Score (0–100) | 69 (highest) | 69 (highest) | 69 (highest) | 69 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 48 | 79 (highest) | 56 | 57 |
| Pricing power | 90 | 0 | 84 | 99 (highest) |
| Returns on capital | 76 | 100 (highest) | 26 | 86 |
| Balance-sheet safety | 41 | 73 | 100 (highest) | 42 |
| Capital allocation | 87 | 95 (highest) | 80 | 58 |
| 65% above value if growth stopped today (largest discount to value if growth stopped today) | 135% above value if growth stopped today | 522% above value if growth stopped today | No price data | |
| Market cap | $77.0B | $7.0B | $13.5B | $29.7B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |