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.

TOL · Industrials · Wide moat

Wide moat

Wonderful & reasonably priced

LECO · Industrials · Wide moat

Wide moat

On the watchlist

XPEL · Industrials · Wide moat

Wide moat

On the watchlist

EACO · Industrials · Narrow moat

Narrow moat

On the watchlist

MeasureTOLLECOXPELEACO
Moat Score (0–100)8081 (highest)81 (highest)79
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend868995 (highest)95 (highest)
Pricing power3359 (highest)5549
Returns on capital81100 (highest)100 (highest)74
Balance-sheet safety100 (highest)647399
Capital allocation100 (highest)948080
5% below value if growth stopped today (largest discount to value if growth stopped today)159% above value if growth stopped today110% above value if growth stopped today107% above value if growth stopped today
Market cap$14.2B$13.8B$1.2B$491M
Moat tierWide moatWide moatWide moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025