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.
CAKE · Consumer Discretionary · Wide moat
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| Measure | CAKE | PAYX | FCN | WINA |
|---|---|---|---|---|
| Moat Score (0–100) | 82 | 83 (highest) | 82 | 82 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 88 | 89 (highest) | 87 | 84 |
| Pricing power | 100 (highest) | 100 (highest) | 56 | 70 |
| Returns on capital | 78 | 100 (highest) | 76 | 100 (highest) |
| Balance-sheet safety | 81 | 57 | 92 (highest) | 73 |
| Capital allocation | 65 | 68 | 100 (highest) | 83 |
| 273% above value if growth stopped today | 117% above value if growth stopped today | 64% above value if growth stopped today (largest discount to value if growth stopped today) | 164% above value if growth stopped today | |
| Market cap | $4.2B | $40.4B | $4.9B | $1.2B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |