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.
| Measure | BSY | NOW | TDC | DT |
|---|---|---|---|---|
| Moat Score (0–100) | 71 (highest) | 71 (highest) | 71 (highest) | 70 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 95 (highest) | 95 (highest) | 45 | 95 (highest) |
| Pricing power | 100 (highest) | 100 (highest) | 88 | 99 |
| Returns on capital | 45 | 35 | 93 (highest) | 14 |
| Balance-sheet safety | 61 | 100 (highest) | 70 | 73 |
| Capital allocation | 52 | 24 | 58 | 70 (highest) |
| 326% above value if growth stopped today | 883% above value if growth stopped today | 37% above value if growth stopped today (largest discount to value if growth stopped today) | 939% above value if growth stopped today | |
| Market cap | $12.1B | $155.6B | $2.9B | $18.8B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |