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.

QPRC · Industrials · No moat

No 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%.

ASTE · Industrials · No moat

No moat

Doesn't clear the bar

SMXT · Industrials · No moat

No moat

Doesn't clear the bar

SMHI · Industrials · No moat

No moat

Doesn't clear the bar

MeasureQPRCASTESMXTSMHI
Moat Score (0–100)24 (highest)24 (highest)24 (highest)24 (highest)
Methodology versionmoat-index@2.0.0moat-index@2.0.0moat-index@2.0.0moat-index@2.0.0
Business trend154857 (highest)46
Pricing power29 (highest)25022
Returns on capital012 (highest)0
Balance-sheet safety28 (highest)2228 (highest)28 (highest)
Capital discipline2426 (highest)2424
Price vs. high estimateNo price data328% above high estimateNo price dataNo price data
Market cap$2.4M$1.2B$19.4M$208.3M
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025