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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

VMC · Materials · Narrow moat

Narrow moat

On the watchlist

MH · Materials · Narrow moat

Narrow moat

On the watchlist

LZB · Materials · Narrow moat

Narrow moat

Wonderful & reasonably priced

CRH · Materials · Narrow moat

Narrow moat

On the watchlist

MeasureVMCMHLZBCRH
Moat Score (0–100)6465 (highest)6463
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend94 (highest)723088
Pricing power42100 (highest)6959
Returns on capital642289 (highest)44
Balance-sheet safety395073 (highest)42
Capital allocation82 (highest)806182 (highest)
218% above value if growth stopped today19% above value if growth stopped today10% below value if growth stopped today (largest discount to value if growth stopped today)50% above value if growth stopped today
Market cap$33.0B$2.7B$1.2B$58.2B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2026FY2026FY2025