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 | WMT | HD | ELA | OSK |
|---|---|---|---|---|
| Moat Score (0–100) | 67 (highest) | 67 (highest) | 67 (highest) | 67 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 86 | 55 | 90 (highest) | 87 |
| Pricing power | 44 | 59 (highest) | 28 | 26 |
| Returns on capital | 75 | 100 (highest) | 93 | 65 |
| Balance-sheet safety | 72 | 41 | 73 (highest) | 63 |
| Capital discipline | 57 | 79 | 51 | 93 (highest) |
| Price vs. high estimate | No price data | 22% above high estimate | 196% above high estimate | 10% below high estimate (largest discount to high estimate) |
| Market cap | Not reported | $331.6B | $536M | $9.7B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2026 | FY2026 | FY2025 | FY2025 |