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.

NPO · Materials · No moat

No moat

Doesn't clear the bar

GPK · Materials · No moat

No moat

Doesn't clear the bar

NL · Materials · No moat

No moat

Doesn't clear the bar

PUMP · Materials · No moat

No moat

Doesn't clear the bar

The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.

MeasureNPOGPKNLPUMP
Moat Score (0–100)3839 (highest)39 (highest)38
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend5674 (highest)3670
Pricing power57 (highest)2352
Returns on capital018 (highest)47
Balance-sheet safety34557 (highest)53
Capital allocation4673 (highest)4324
343% above value if growth stopped today44% below value if growth stopped today (largest discount to value if growth stopped today)25% below value if growth stopped today13344% above value if growth stopped today
Market cap$7.1B$3.3B$284M$1.2B
Moat tierNo moatNo moatNo moatNo moat
Filing dateFY2025FY2025FY2025FY2025