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 | ULTA | EAT | SFM | CTAS |
|---|---|---|---|---|
| Moat Score (0–100) | 92 | 94 (highest) | 92 | 91 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 97 | 95 | 99 (highest) | 99 (highest) |
| Pricing power | 61 | 100 (highest) | 60 | 77 |
| Returns on capital | 100 (highest) | 97 | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 83 | 100 (highest) | 91 |
| Capital allocation | 100 (highest) | 93 | 100 (highest) | 90 |
| 102% above value if growth stopped today (largest discount to value if growth stopped today) | 401% above value if growth stopped today | 115% above value if growth stopped today | 378% above value if growth stopped today | |
| Market cap | $26.9B | $8.6B | $6.4B | $85.3B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2026 | FY2026 | FY2025 | FY2026 |