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.
Q · Technology · Narrow 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%.
XZO · Technology · Narrow 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 | ALRM | PAY | Q | XZO |
|---|---|---|---|---|
| Moat Score (0–100) | 75 | 76 (highest) | 75 | 75 |
| 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 | 95 | 97 | 100 (highest) |
| Pricing power | 99 (highest) | 48 | 78 | 38 |
| Returns on capital | 72 (highest) | 55 | — | — |
| Balance-sheet safety | 42 | 100 (highest) | 59 | 100 (highest) |
| Capital allocation | 65 | 80 (highest) | 65 | 60 |
| 122% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 211% above value if growth stopped today | 176% above value if growth stopped today | |
| Market cap | $2.6B | Not reported | $28.3B | $1.4B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |