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.

USLM · Materials · Narrow moat

Narrow moat

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IPAR · Materials · Wide moat

Wide moat

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NYT · Materials · Wide moat

Wide moat

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KRT · Materials · Narrow moat

Narrow moat

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MeasureUSLMIPARNYTKRT
Moat Score (0–100)7987 (highest)8279
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend100 (highest)100 (highest)9185
Pricing power237073 (highest)49
Returns on capital979866100 (highest)
Balance-sheet safety100 (highest)91100 (highest)100 (highest)
Capital allocation747477 (highest)60
270% above value if growth stopped today103% above value if growth stopped today (largest discount to value if growth stopped today)246% above value if growth stopped today145% above value if growth stopped today
Market cap$3.1B$3.7B$11.4B$1.1B
Moat tierNarrow moatWide moatWide moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025