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.
BOX · 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 | BOX | IMMR | CRDO | PTC |
|---|---|---|---|---|
| Moat Score (0–100) | 71 (highest) | 71 (highest) | 71 (highest) | 70 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 75 | 68 | 78 (highest) | 78 (highest) |
| Pricing power | 98 | 100 (highest) | 88 | 97 |
| Returns on capital | — | 93 (highest) | 7 | 33 |
| Balance-sheet safety | 60 | 68 | 100 (highest) | 69 |
| Capital discipline | 49 | 24 | 80 (highest) | 72 |
| Price vs. high estimate | 175% above high estimate | 64% below high estimate (largest discount to high estimate) | No price data | 76% above high estimate |
| Market cap | $4.3B | $208.3M | $39.3B | $14.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2026 | FY2025 | FY2026 | FY2025 |