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.

SNWV · Healthcare · Narrow moat

Narrow moat

On the watchlist

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%.

BLLN · Healthcare · Narrow moat

Narrow moat

On the watchlist

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%.

USNA · Healthcare · Narrow moat

Narrow moat

Wonderful & reasonably priced

PDEX · Healthcare · Narrow moat

Narrow moat

On the watchlist

MeasureSNWVBLLNUSNAPDEX
Moat Score (0–100)72 (highest)72 (highest)72 (highest)71
Methodology versionmoat-index@2.0.0moat-index@2.0.0moat-index@2.0.0moat-index@2.0.0
Business trend7885 (highest)4985 (highest)
Pricing power8759100 (highest)44
Returns on capital97 (highest)62
Balance-sheet safety77100 (highest)7365
Capital discipline444440100 (highest)
Price vs. high estimateNo price dataNo price data42% below high estimate (largest discount to high estimate)60% above high estimate
Market cap$55.0M$2.7B$409.5M$178.2M
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filings as ofFY2025FY2025FY2025FY2025