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.
RPC · Other · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
BEN · Other · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
ICE · Other · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
WHG · Other · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | RPC | BEN | ICE | WHG |
|---|---|---|---|---|
| Moat Score (0–100) | 46 | 50 (highest) | 48 | 45 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 95 (highest) | 32 | 62 | 50 |
| Pricing power | — | — | — | — |
| Returns on capital | 10 | 64 (highest) | 18 | 11 |
| Balance-sheet safety | 4 | 66 | 25 | 100 (highest) |
| Capital allocation | 74 | 37 | 85 (highest) | 18 |
| No price data | 73% above value if growth stopped today (largest discount to value if growth stopped today) | 91% above value if growth stopped today | No price data | |
| Market cap | Not reported | $16.9B | $82.7B | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |