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.

ON · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

SPT · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

DTGI · Technology · 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%.

BILL · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureONSPTDTGIBILL
Moat Score (0–100)48 (highest)48 (highest)48 (highest)48 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend246065 (highest)65 (highest)
Pricing power51100 (highest)5497
Returns on capital62 (highest)0—0
Balance-sheet safety4055 (highest)2828
Capital allocation61 (highest)244449
67% above value if growth stopped todayNo price dataNo price dataNo price data
Market cap$29.2B$678M$901217$4.3B
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2025FY2023FY2026