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.

WCC · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

AGCO · Industrials · Shallow moat

Shallow moat

On the watchlist

SNDR · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

ESAB · Industrials · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureWCCAGCOSNDRESAB
Moat Score (0–100)54 (highest)54 (highest)54 (highest)54 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend88 (highest)313150
Pricing power353698 (highest)61
Returns on capital142954 (highest)28
Balance-sheet safety5076 (highest)5871
Capital allocation8097 (highest)2858
No price data24% below value if growth stopped today (largest discount to value if growth stopped today)109% above value if growth stopped today35% above value if growth stopped today
Market capNot reported$7.5B$5.5B$4.0B
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2025FY2025FY2025