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.
| Measure | AMAT | ANET | FICO | 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 | 86 | 77 | 100 (highest) | 100 (highest) |
| Pricing power | 76 | 100 (highest) | 96 | 100 (highest) |
| Returns on capital | 100 (highest) | 100 (highest) | 100 (highest) | 54 |
| Balance-sheet safety | 73 | 100 (highest) | 40 | 100 (highest) |
| Capital allocation | 100 (highest) | 60 | 100 (highest) | 80 |
| 365% above value if growth stopped today | 941% above value if growth stopped today | 250% above value if growth stopped today (largest discount to value if growth stopped today) | 337% above value if growth stopped today | |
| Market cap | $354.2B | $245.5B | $17.1B | $3.2B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |