The Moat Index · Top 100

The widest moats in the scored universe.

The Index is the Top 100 — ranked from 3,085 companies scored nightly from primary SEC filings, 0–100 on five investor questions. Higher means a more durable business. The method is fully public; the full universe is in the A–Z directory and the sector hubs.

Current score records: moat-index@2.0.0.

The map — moat vs. price

Dividers sit at Moat Score 80 (a Wide moat) and at 10% below conservative value — the same bars the methodology uses. The x-axis starts at 55 because this set is the top of the Index; the vertical scale is compressed beyond ±25% (every tick shows its true value), and anything priced more than 26× value sits on the "≤ −2500%" line — hover a dot (or open the table) for its exact reading. 5 companies have no recent price data and aren't plotted — the table view lists them.

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The Top 100

#	Company	Ticker	Sector	Mkt cap	Moat Score	Moat	Price vs. high estimate
1	FORTINET, INC.	FTNT	Technology	$117.5B	99	Wide moat	469% above high estimate
2	Meta Platforms, Inc.	META	Technology	$1.66T	99	Wide moat	134% above high estimate
3	ALIGN TECHNOLOGY, INC.	ALGN	Healthcare	$12.7B	98	Wide moat	153% above high estimate
4	IBEX LIMITED	IBEX	Technology	$466.7M	98	Wide moat	33% above high estimate
5	IDEXX LABORATORIES INC /DE	IDXX	Healthcare	$44.0B	98	Wide moat	190% above high estimate
6	lululemon athletica inc.	LULU	Consumer Discretionary	$13.0B	97	Wide moat	53% below high estimate
7	ALPHABET INC.	GOOGL	Technology	$4.20T	97	Wide moat	207% above high estimate
8	F5, INC.	FFIV	Technology	$23.6B	97	Wide moat	189% above high estimate
9	MICROSOFT CORPORATION	MSFT	Technology	$2.96T	97	Wide moat	126% above high estimate
10	Texas Roadhouse, Inc.	TXRH	Consumer Discretionary	$12.8B	97	Wide moat	127% above high estimate
11	Moody’s Corporation	MCO	Technology	$87.0B	96	Wide moat	122% above high estimate
12	CHIPOTLE MEXICAN GRILL, INC.	CMG	Consumer Discretionary	$43.4B	95	Wide moat	218% above high estimate
13	QUALYS, INC.	QLYS	Technology	$5.1B	95	Wide moat	172% above high estimate
14	MARKETAXESS HOLDINGS INC.	MKTX	Other	$4.0B	95	Wide moat	15% above high estimate
15	Medpace Holdings, Inc.	MEDP	Consumer Discretionary	$15.1B	94	Wide moat	196% above high estimate
16	YETI Holdings, Inc.	YETI	Consumer Discretionary	$3.8B	94	Wide moat	34% above high estimate
17	CORCEPT THERAPEUTICS INC	CORT	Healthcare	$10.1B	94	Wide moat	752% above high estimate
18	Veeva Systems Inc.	VEEV	Technology	$31.0B	94	Wide moat	431% above high estimate
19	Doximity, Inc.	DOCS	Technology	$3.9B	94	Wide moat	120% above high estimate
20	ADOBE INC.	ADBE	Technology	$93.8B	93	Wide moat	12% below high estimate
21	Simpson Manufacturing Co., Inc.	SSD	Industrials	$7.6B	93	Wide moat	27% above high estimate
22	MANHATTAN ASSOCIATES, INC.	MANH	Technology	$9.5B	93	Wide moat	198% above high estimate
23	Mastercard Inc	MA	Technology	—	92	Wide moat	No price data
24	Monster Beverage Corp	MNST	Consumer Staples	$92.4B	92	Wide moat	240% above high estimate
25	Grand Canyon Education, Inc.	LOPE	Consumer Discretionary	$3.8B	92	Wide moat	3% below high estimate
26	COPART, INC.	CPRT	Consumer Discretionary	$26.3B	92	Wide moat	18% above high estimate
27	M-tron Industries, Inc.	MPTI	Technology	$270.1M	92	Wide moat	597% above high estimate
28	NetApp, Inc.	NTAP	Technology	$32.5B	92	Wide moat	49% above high estimate
29	ULTA BEAUTY, INC.	ULTA	Consumer Discretionary	$21.6B	92	Wide moat	Around the high estimate
30	SHARKNINJA, INC.	SN	Industrials	$20.9B	92	Wide moat	328% above high estimate
31	NVIDIA CORP	NVDA	Technology	$5.04T	91	Wide moat	827% above high estimate
32	Arista Networks, Inc.	ANET	Technology	$219.4B	91	Wide moat	830% above high estimate
33	GRACO INC.	GGG	Industrials	$12.1B	91	Wide moat	38% above high estimate
34	LAM RESEARCH CORPORATION	LRCX	Industrials	$408.5B	91	Wide moat	403% above high estimate
35	ResMed Inc.	RMD	Healthcare	$28.7B	91	Wide moat	69% above high estimate
36	EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.	EXPD	Industrials	$23.9B	91	Wide moat	75% above high estimate
37	KORN FERRY	KFY	Technology	$3.9B	91	Wide moat	17% below high estimate
38	OLD DOMINION FREIGHT LINE, INC.	ODFL	Industrials	$49.0B	91	Wide moat	129% above high estimate
39	EXPONENT, INC.	EXPO	Consumer Discretionary	$3.0B	90	Wide moat	62% above high estimate
40	COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION	CTSH	Technology	$20.9B	90	Wide moat	53% below high estimate
41	Abercrombie & Fitch Co.	ANF	Consumer Discretionary	—	90	Wide moat	No price data
42	ROLLINS INC	ROL	Technology	$21.1B	90	Wide moat	133% above high estimate
43	REGENERON PHARMACEUTICALS, INC.	REGN	Healthcare	—	90	Wide moat	No price data
44	INTUIT INC.	INTU	Technology	$80.9B	90	Wide moat	60% above high estimate
45	LEGACY EDUCATION INC.	LGCY	Consumer Discretionary	$147.1M	90	Wide moat	159% above high estimate
46	O Reilly Automotive Inc	ORLY	Consumer Discretionary	$74.1B	90	Wide moat	75% above high estimate
47	MONOLITHIC POWER SYSTEMS INC	MPWR	Technology	$66.2B	90	Wide moat	741% above high estimate
48	MORNINGSTAR, INC.	MORN	Other	$6.6B	90	Wide moat	51% above high estimate
49	Intuitive Surgical, Inc.	ISRG	Healthcare	$124.3B	90	Wide moat	284% above high estimate
50	DECKERS OUTDOOR CORP	DECK	Materials	$14.5B	90	Wide moat	6% above high estimate
51	TRACTOR SUPPLY CO /DE/	TSCO	Consumer Discretionary	$15.6B	89	Wide moat	21% below high estimate
52	FASTENAL CO	FAST	Consumer Discretionary	$51.7B	89	Wide moat	150% above high estimate
53	Lifevantage Corp	LFVN	Healthcare	$79.5M	89	Wide moat	48% above high estimate
54	GARMIN LTD	GRMN	Healthcare	$45.6B	89	Wide moat	96% above high estimate
55	IRADIMED CORPORATION	IRMD	Healthcare	$1.2B	89	Wide moat	292% above high estimate
56	UBIQUITI INC.	UI	Technology	$32.4B	89	Wide moat	342% above high estimate
57	W.W. GRAINGER, INC.	GWW	Industrials	$64.5B	89	Wide moat	110% above high estimate
58	Paycom Software, Inc.	PAYC	Technology	$7.9B	89	Wide moat	29% above high estimate
59	PayPal Holdings, Inc.	PYPL	Technology	$51.4B	89	Wide moat	37% below high estimate
60	Sprouts Farmers Market, Inc.	SFM	Consumer Discretionary	$7.2B	89	Wide moat	49% above high estimate
61	INNOVIVA, INC.	INVA	Healthcare	$1.6B	88	Wide moat	60% below high estimate
62	Booking Holdings Inc.	BKNG	Industrials	$5.7B	88	Wide moat	No price data
63	THE SHERWIN-WILLIAMS COMPANY	SHW	Consumer Discretionary	$78.9B	88	Wide moat	83% above high estimate
64	JACK HENRY & ASSOCIATES, INC.	JKHY	Technology	$10.9B	88	Wide moat	59% above high estimate
65	WD-40 COMPANY	WDFC	Materials	$3.2B	88	Wide moat	154% above high estimate
66	REVOLVE GROUP, INC.	RVLV	Consumer Discretionary	$1.8B	88	Wide moat	180% above high estimate
67	Gartner, Inc.	IT	Consumer Discretionary	$9.5B	88	Wide moat	35% below high estimate
68	Cintas Corporation	CTAS	Consumer Discretionary	$80.8B	87	Wide moat	215% above high estimate
69	CRA International, Inc.	CRAI	Consumer Discretionary	$1.1B	87	Wide moat	18% above high estimate
70	Federated Hermes, Inc.	FHI	Other	$4.3B	87	Wide moat	17% below high estimate
71	Table Trac INC	TBTC	Communications	$20.4M	87	Wide moat	30% below high estimate
72	UNIVERSAL DISPLAY CORPORATION	OLED	Technology	$3.9B	87	Wide moat	3% above high estimate
73	CarGurus, Inc.	CARG	Technology	$3.5B	87	Wide moat	156% above high estimate
74	APPLIED MATERIALS INC /DE	AMAT	Technology	$447.7B	86	Wide moat	263% above high estimate
75	SPS COMMERCE, INC.	SPSC	Technology	$2.3B	86	Wide moat	218% above high estimate
76	MAPLEBEAR INC.	CART	Technology	$11.0B	86	Wide moat	127% above high estimate
77	Apple Inc.	AAPL	Technology	$4.84T	86	Wide moat	176% above high estimate
78	FACTSET RESEARCH SYSTEMS INC.	FDS	Technology	$9.3B	86	Wide moat	Around the high estimate
79	Academy Sports and Outdoors, Inc.	ASO	Consumer Discretionary	$3.1B	86	Wide moat	53% below high estimate
80	WEX Inc.	WEX	Technology	$5.5B	86	Wide moat	24% above high estimate
81	EDWARDS LIFESCIENCES CORPORATION	EW	Healthcare	$49.1B	86	Wide moat	194% above high estimate
82	A. O. Smith Corporation	AOS	Industrials	$8.3B	86	Wide moat	13% below high estimate
83	WILLIAMS-SONOMA, INC.	WSM	Consumer Discretionary	$26.3B	86	Wide moat	43% above high estimate
84	UTAH MEDICAL PRODUCTS INC	UTMD	Healthcare	$220.3M	85	Wide moat	8% below high estimate
85	T-Mobile US, Inc.	TMUS	Communications	$211.2B	85	Wide moat	4% above high estimate
86	TRADE DESK, INC.	TTD	Technology	$9.0B	85	Wide moat	135% above high estimate
87	Fair Isaac Corp	FICO	Technology	$29.2B	85	Wide moat	268% above high estimate
88	C.H. ROBINSON WORLDWIDE, INC.	CHRW	Industrials	$24.8B	85	Wide moat	232% above high estimate
89	Duolingo, Inc.	DUOL	Technology	—	85	Wide moat	No price data
90	Trex Company, Inc.	TREX	Materials	$4.5B	85	Wide moat	26% above high estimate
91	WINGSTOP INC.	WING	Consumer Discretionary	$3.7B	85	Wide moat	194% above high estimate
92	Payoneer Global Inc.	PAYO	Technology	$2.5B	85	Wide moat	100% above high estimate
93	MSCI INC.	MSCI	Technology	$41.3B	85	Wide moat	107% above high estimate
94	Waters Corporation	WAT	Healthcare	$21.9B	85	Wide moat	76% above high estimate
95	TERADYNE, INC.	TER	Healthcare	$58.4B	84	Wide moat	848% above high estimate
96	Cirrus Logic, Inc.	CRUS	Technology	$7.1B	84	Wide moat	9% above high estimate
97	Five Below, Inc.	FIVE	Consumer Discretionary	$11.3B	84	Wide moat	124% above high estimate
98	RALPH LAUREN CORPORATION	RL	Consumer Discretionary	$23.9B	84	Wide moat	202% above high estimate
99	Ross Stores, Inc.	ROST	Consumer Discretionary	$76.0B	84	Wide moat	125% above high estimate
100	INTERPARFUMS, INC.	IPAR	Materials	$3.9B	84	Wide moat	34% above high estimate

Scores reflect business quality, not buy/sell signals. Sector labels are derived from SEC SIC codes and can differ from GICS classifications. Educational only — not investment advice. See the methodology and disclaimer.