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.
ADP · Technology · Wide 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 | CART | FDS | OLED | ADP |
|---|---|---|---|---|
| Moat Score (0–100) | 86 | 87 (highest) | 86 | 86 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 80 | 100 (highest) | 77 | 95 |
| Pricing power | 98 | 90 | 99 (highest) | 72 |
| Returns on capital | 88 | 100 (highest) | 77 | — |
| Balance-sheet safety | 100 (highest) | 68 | 100 (highest) | 82 |
| Capital allocation | 64 | 76 | 79 | 95 (highest) |
| 155% above value if growth stopped today | 99% above value if growth stopped today | 59% above value if growth stopped today (largest discount to value if growth stopped today) | 173% above value if growth stopped today | |
| Market cap | $12.4B | $11.4B | $3.7B | $113.6B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |