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%.

PNXP · 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%.

MeasureONSPTDTGIPNXP
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)20
Pricing power51100 (highest)5491
Returns on capital62 (highest)0
Balance-sheet safety4055 (highest)2855 (highest)
Capital discipline61 (highest)244424
Price vs. high estimate97% above high estimateNo price dataNo price dataNo price data
Market cap$34.4B$444M$675913Not reported
Moat tierShallow moatShallow moatShallow moatShallow moat
Filings as ofFY2025FY2025FY2023FY2025