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 | PG | USLM | KRT | TREX |
|---|---|---|---|---|
| Moat Score (0–100) | 79 (highest) | 79 (highest) | 79 (highest) | 78 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 71 | 100 (highest) | 85 | 43 |
| Pricing power | 84 (highest) | 23 | 49 | 67 |
| Returns on capital | 96 | 97 | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 85 | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 57 | 74 | 60 | 80 (highest) |
| 121% above value if growth stopped today | 270% above value if growth stopped today | 145% above value if growth stopped today | 115% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $365.1B | $3.1B | $1.1B | $4.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |