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.
ADP · Technology · Wide moat
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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%.
| Measure | ADP | FICO | AMAT | SPSC |
|---|---|---|---|---|
| Moat Score (0–100) | 87 (highest) | 87 (highest) | 87 (highest) | 87 (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 | 96 | 100 (highest) | 86 | 100 (highest) |
| Pricing power | 72 | 96 | 76 | 100 (highest) |
| Returns on capital | — | 100 (highest) | 100 (highest) | 54 |
| Balance-sheet safety | 80 | 40 | 73 | 100 (highest) |
| Capital discipline | 99 | 100 (highest) | 100 (highest) | 80 |
| Price vs. high estimate | 65% above high estimate (largest discount to high estimate) | 271% above high estimate | 245% above high estimate | 214% above high estimate |
| Market cap | $101.4B | $29.4B | $425.2B | $2.3B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |