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.
VFF · Agriculture · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
SHMP · Agriculture · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | VFF | CALM | GTBIF | SHMP |
|---|---|---|---|---|
| Moat Score (0–100) | 47 | 54 (highest) | 53 | 47 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 45 | 80 | 89 (highest) | 30 |
| Pricing power | 0 | 9 | 80 (highest) | 57 |
| Returns on capital | — | 36 (highest) | 7 | — |
| Balance-sheet safety | 81 | 100 (highest) | 67 | 55 |
| Capital allocation | 60 (highest) | 43 | 24 | 44 |
| No price data | No price data | 73% above value if growth stopped today | No price data | |
| Market cap | $293M | Not reported | $1.4B | $2M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |