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.
JANL · Technology · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: No debt, cash, or interest-expense disclosures to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | BILL | SMTK | JANL | DH |
|---|---|---|---|---|
| Moat Score (0–100) | 43 (highest) | 43 (highest) | 43 (highest) | 43 (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 | 65 (highest) | 65 (highest) | 48 | 60 |
| Pricing power | 97 | 52 | 35 | 99 (highest) |
| Returns on capital | 0 | 0 | 56 (highest) | 0 |
| Balance-sheet safety | 28 | 55 (highest) | — | 28 |
| Capital allocation | 26 | 44 (highest) | 33 | 29 |
| No price data | No price data | 520% above value if growth stopped today | No price data | |
| Market cap | $4.5B | $1.5M | $49.8M | $71.4M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |