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 | CART | FDS | OLED | WEX |
|---|---|---|---|---|
| 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 | 81 |
| Pricing power | 98 | 90 | 99 (highest) | 67 |
| Returns on capital | 88 | 100 (highest) | 77 | 82 |
| Balance-sheet safety | 100 (highest) | 68 | 100 (highest) | 100 (highest) |
| Capital allocation | 64 | 76 | 79 | 100 (highest) |
| 111% above value if growth stopped today | 68% above value if growth stopped today | 61% above value if growth stopped today | 36% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $10.3B | $9.6B | $3.7B | $6.0B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |