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.
| Measure | VMC | MH | LZB | CRH |
|---|---|---|---|---|
| Moat Score (0–100) | 64 | 65 (highest) | 64 | 63 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 94 (highest) | 72 | 30 | 88 |
| Pricing power | 42 | 100 (highest) | 69 | 59 |
| Returns on capital | 64 | 22 | 89 (highest) | 44 |
| Balance-sheet safety | 39 | 50 | 73 (highest) | 42 |
| Capital discipline | 82 (highest) | 80 | 61 | 82 (highest) |
| Price vs. high estimate | 117% above high estimate | 17% below high estimate (largest discount to high estimate) | Around the high estimate | 82% above high estimate |
| Market cap | $36.5B | $1.9B | $1.6B | $70.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2026 | FY2026 | FY2025 |