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.

STE · Healthcare · Narrow moat

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PEN · Healthcare · Narrow moat

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OMDA · Healthcare · Narrow moat

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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%.

AATC · Healthcare · Narrow moat

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MeasureSTEPENOMDAAATC
Moat Score (0–100)65 (highest)65 (highest)65 (highest)65 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend93 (highest)907044
Pricing power73100 (highest)9597
Returns on capital16455 (highest)
Balance-sheet safety827355100 (highest)
Capital discipline60 (highest)60 (highest)3927
Price vs. high estimate99% above high estimate6707% above high estimateNo price data13% above high estimate (largest discount to high estimate)
Market cap$20.9B$12.5B$1.2B$29.6M
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filings as ofFY2026FY2025FY2025FY2021