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.
VRSN · Technology · Narrow 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 | APH | VRSN | NXT | ACN |
|---|---|---|---|---|
| Moat Score (0–100) | 79 (highest) | 79 (highest) | 79 (highest) | 79 (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 | 89 | 78 | 100 (highest) | 91 |
| Pricing power | 55 | 100 (highest) | 17 | 56 |
| Returns on capital | 90 | — | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 81 | 59 | 100 (highest) | 73 |
| Capital allocation | 80 | 81 (highest) | 80 | 75 |
| 759% above value if growth stopped today | 191% above value if growth stopped today | No price data | 8% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $187.3B | $25.7B | Not reported | $93.0B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |