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.
TW · Other · Narrow moat
On the watchlist
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
GCMG · Other · Narrow moat
On the watchlist
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
VCTR · Other · Narrow moat
On the watchlist
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
AAMI · Other · Narrow moat
Wonderful & reasonably priced
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | TW | GCMG | VCTR | AAMI |
|---|---|---|---|---|
| Moat Score (0–100) | 69 | 71 (highest) | 70 | 68 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 100 (highest) | 68 | 94 | 55 |
| Pricing power | — | — | — | — |
| Returns on capital | 23 | 88 | 56 | 100 (highest) |
| Balance-sheet safety | 73 (highest) | 46 | 49 | 36 |
| Capital discipline | 81 (highest) | 80 | 80 | 80 |
| Price vs. high estimate | 126% above high estimate | 893% above high estimate | 81% above high estimate | 68% below high estimate (largest discount to high estimate) |
| Market cap | $21.6B | $2.5B | $6.3B | $2.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |