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
On the watchlist
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 | OLED | CART | WEX |
|---|---|---|---|---|
| Moat Score (0–100) | 86 (highest) | 86 (highest) | 86 (highest) | 86 (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 | 95 (highest) | 77 | 80 | 81 |
| Pricing power | 72 | 99 (highest) | 98 | 67 |
| Returns on capital | — | 77 | 88 (highest) | 82 |
| Balance-sheet safety | 82 | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 95 | 79 | 64 | 100 (highest) |
| 165% above value if growth stopped today | 67% above value if growth stopped today | 155% above value if growth stopped today | 50% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $110.4B | $3.9B | $12.4B | $6.7B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |