The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | TAP | KHC | HCMC | CAG |
|---|---|---|---|---|
| Moat Score (0–100) | 31 | 33 (highest) | 32 | 30 |
| Pricing power | 46 | 58 (highest) | 40 | 45 |
| Returns on capital | 8 | 0 | 0 | 21 (highest) |
| Balance-sheet safety | 28 | 28 | 55 (highest) | 28 |
| Capital discipline | 44 | 49 (highest) | 44 | 24 |
| Margin of safety | No price data | 16% above value | No price data | 11% below value (highest margin of safety) |
| Market cap | — | $30.6B | $52.5M | $6.8B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |