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.
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%.
SF · 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%.
BLK · 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 | VCTR | SF | BLK | AAMI |
|---|---|---|---|---|
| Moat Score (0–100) | 65 | 66 (highest) | 66 (highest) | 64 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 74 | 31 | 76 (highest) | 39 |
| Pricing power | — | — | — | — |
| Returns on capital | 56 | 88 | 60 | 100 (highest) |
| Balance-sheet safety | 49 | 78 (highest) | 76 | 36 |
| Capital allocation | 80 (highest) | 69 | 53 | 80 (highest) |
| 79% above value if growth stopped today | No price data | 148% above value if growth stopped today | 69% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $6.2B | Not reported | $163.7B | $2.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |