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.

NPHC · Healthcare · 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%.

OBIO · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

AKBA · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

MDT · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureNPHCOBIOAKBAMDT
Moat Score (0–100)51 (highest)51 (highest)51 (highest)51 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend70 (highest)574162
Pricing power62100 (highest)70100 (highest)
Returns on capital006 (highest)
Balance-sheet safety2855100 (highest)35
Capital allocation44444452 (highest)
No price dataNo price dataNo price data69% above value if growth stopped today
Market cap$2.1M$213M$324M$106.5B
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2025FY2025FY2026