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.

VOYG · Consumer Discretionary · No moat

No 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%.

BNBX · Consumer Discretionary · No moat

No moat

Doesn't clear the bar

CZR · Consumer Discretionary · No moat

No moat

Doesn't clear the bar

The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.

HOG · Consumer Discretionary · No moat

No moat

Doesn't clear the bar

MeasureVOYGBNBXCZRHOG
Moat Score (0–100)37 (highest)37 (highest)37 (highest)37 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend60 (highest)204920
Pricing power2564 (highest)35
Returns on capital013 (highest)9
Balance-sheet safety2855979 (highest)
Capital allocation344475 (highest)40
No price dataNo price dataNo price data63% below value if growth stopped today
Market cap$1.0B$271004$6.1B$2.8B
Moat tierNo moatNo moatNo moatNo moat
Filing dateFY2025FY2025FY2025FY2025