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.

VPG · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

TRSO · Technology · Shallow moat

Shallow 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%.

FORM · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

AISP · Technology · Shallow moat

Shallow 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%.

MeasureVPGTRSOFORMAISP
Moat Score (0–100)50 (highest)50 (highest)50 (highest)50 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend2860 (highest)3148
Pricing power67705973 (highest)
Returns on capital29 (highest)—16—
Balance-sheet safety6828100 (highest)55
Capital allocation59 (highest)444524
No price dataNo price data1102% above value if growth stopped today18% below value if growth stopped today (largest discount to value if growth stopped today)
Market capNot reported$384989$9.3B$72.2M
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2025FY2025FY2025