The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters 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.

VLO · Energy · No moat

38/ 100
No moat

Doesn't clear the bar

VVV · Energy · Narrow moat

65/ 100
Narrow moat

On the watchlist

MPC · Energy · No moat

37/ 100
No moat

Doesn't clear the bar

CVI · Energy · No moat

33/ 100
No moat

Doesn't clear the bar

MeasureVLOVVVMPCCVI
Moat Score (0–100)3865 (highest)3733
Pricing power063 (highest)70
Returns on capital5593 (highest)4439
Balance-sheet safety57 (highest)272926
Capital discipline496480 (highest)80 (highest)
Margin of safety48% above value (highest margin of safety)56% above valueNo price dataNo price data
Market cap$92.6B$5.1B
Moat tierNo moatNarrow moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025