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.
CVX · Energy · Narrow moat
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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 | VLO | CVX | VVV | MPC |
|---|---|---|---|---|
| Moat Score (0–100) | 42 | 63 (highest) | 60 | 40 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 54 | 39 | 65 (highest) | 38 |
| Pricing power | 0 | 67 (highest) | 63 | 7 |
| Returns on capital | 48 | — | 90 (highest) | 44 |
| Balance-sheet safety | 57 | 79 (highest) | 36 | 29 |
| Capital allocation | 49 | 69 | 48 | 80 (highest) |
| 243% above value if growth stopped today | 72% above value if growth stopped today | 14% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $132.8B | $437.8B | $4.0B | Not reported |
| Moat tier | Shallow moat | Narrow moat | Narrow moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |