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.

TSNDF · Agriculture · No moat

No moat

Doesn't clear the bar

GRUSF · Agriculture · Shallow moat

Shallow moat

Doesn't clear the bar

DMC · Agriculture · No moat

No moat

Doesn't clear the bar

NCRA · Agriculture · No moat

No moat

Doesn't clear the bar

MeasureTSNDFGRUSFDMCNCRA
Moat Score (0–100)3440 (highest)3534
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend6085 (highest)5760
Pricing power77 (highest)72110
Returns on capital9 (highest)006
Balance-sheet safety107178 (highest)
Capital allocation2444 (highest)3524
No price dataNo price data21% above value if growth stopped todayNo price data
Market cap$167M$100M$1.3B$19.9M
Moat tierNo moatShallow moatNo moatNo moat
Filing dateFY2025FY2025FY2025FY2025