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.

RAL · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

BTOC · Industrials · Shallow moat

Shallow moat

On the watchlist

HSIC · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

NHTC · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureRALBTOCHSICNHTC
Moat Score (0–100)44 (highest)44 (highest)44 (highest)43
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend2650 (highest)4315
Pricing power8705399 (highest)
Returns on capital3382 (highest)480
Balance-sheet safety2855 (highest)1955 (highest)
Capital allocation443355 (highest)44
68% above value if growth stopped today87% below value if growth stopped today (largest discount to value if growth stopped today)56% above value if growth stopped todayNo price data
Market cap$7.8B$10.8M$9.9BNot reported
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2025FY2025FY2025