The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | CART | OLED | DUOL | ABNB |
|---|---|---|---|---|
| Moat Score (0–100) | 89 (highest) | 89 (highest) | 89 (highest) | 88 |
| Pricing power | 98 | 99 | 100 (highest) | 98 |
| Returns on capital | 88 | 80 | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital discipline | 64 | 79 (highest) | 44 | 44 |
| Margin of safety | 129% above value | 26% above value (highest margin of safety) | No price data | 911% above value |
| Market cap | $11.1B | $3.8B | — | $90.9B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |