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.
| Measure | TER | VLTO | UTMD | EW |
|---|---|---|---|---|
| Moat Score (0–100) | 76 | 77 (highest) | 77 (highest) | 76 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 23 | 72 (highest) | 23 | 43 |
| Pricing power | 97 | 97 | 100 (highest) | 98 |
| Returns on capital | 97 | 100 (highest) | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 77 | 100 (highest) | 100 (highest) |
| Capital allocation | 64 (highest) | 42 | 63 | 37 |
| 770% above value if growth stopped today | 151% above value if growth stopped today | Around the value if growth stopped today (largest discount to value if growth stopped today) | 206% above value if growth stopped today | |
| Market cap | $53.6B | $25.1B | $239M | $51.2B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |