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 | AMAT | ANET | FICO | ADP |
|---|---|---|---|---|
| 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 | 86 | 77 | 100 (highest) | 96 |
| Pricing power | 76 | 100 (highest) | 96 | 72 |
| Returns on capital | 100 (highest) | 100 (highest) | 100 (highest) | — |
| Balance-sheet safety | 73 | 100 (highest) | 40 | 80 |
| Capital allocation | 100 (highest) | 60 | 100 (highest) | 99 |
| 458% above value if growth stopped today | 827% above value if growth stopped today | 502% above value if growth stopped today | 167% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $425.2B | $218.6B | $29.4B | $101.4B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |