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.
ATHR · Technology · Shallow moat
Doesn't clear the bar
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%.
RBRK · Technology · Shallow moat
Doesn't clear the bar
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 | ATHR | RBRK | OKTA | APG |
|---|---|---|---|---|
| Moat Score (0–100) | 56 (highest) | 56 (highest) | 56 (highest) | 56 (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 | 22 | 57 | 85 (highest) | 55 |
| Pricing power | 100 (highest) | 96 | 98 | 29 |
| Returns on capital | — | — | 0 | 35 (highest) |
| Balance-sheet safety | 78 | 28 | 73 | 100 (highest) |
| Capital allocation | 24 | 44 | 24 | 60 (highest) |
| No price data | No price data | No price data | 315% above value if growth stopped today | |
| Market cap | $50.3M | $14.4B | $24.8B | $17.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2026 | FY2025 |