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.
BBSI · Technology · Narrow moat
Wonderful & reasonably priced
KFY · Technology · Wide moat
Wonderful & reasonably priced
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | BBSI | EXLS | KFY | HGBL |
|---|---|---|---|---|
| Moat Score (0–100) | 80 (highest) | 80 (highest) | 80 (highest) | 80 (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 | 93 | 100 (highest) | 49 | 71 |
| Pricing power | 32 | 60 | — | 70 (highest) |
| Returns on capital | 100 (highest) | 59 | 72 | 97 |
| Balance-sheet safety | 73 | 89 | 100 (highest) | 100 (highest) |
| Capital allocation | 100 (highest) | 94 | 100 (highest) | 60 |
| 45% above value if growth stopped today | 198% above value if growth stopped today | 25% above value if growth stopped today | 31% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $814M | $6.1B | $3.7B | $43.4M |
| Moat tier | Narrow moat | Wide moat | Wide moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |