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.
FTAI · 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 | BMBL | FTAI | RBLX | QTWO |
|---|---|---|---|---|
| Moat Score (0–100) | 47 (highest) | 47 (highest) | 47 (highest) | 47 (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 | 42 | 75 | 55 | 85 (highest) |
| Pricing power | 100 (highest) | 70 | 100 (highest) | 78 |
| Returns on capital | 0 | — | 0 | 4 (highest) |
| Balance-sheet safety | 28 | 19 | 55 (highest) | 43 |
| Capital allocation | 64 (highest) | 24 | 24 | 24 |
| No price data | 615% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 53908% above value if growth stopped today | |
| Market cap | $653M | $17.3B | $36.2B | $3.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |