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.
LZ · Technology · Narrow 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 | CPAY | FN | LZ | QCOM |
|---|---|---|---|---|
| Moat Score (0–100) | 76 (highest) | 76 (highest) | 76 (highest) | 76 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 100 (highest) | 100 (highest) | 74 | 49 |
| Pricing power | 100 (highest) | 29 | 100 (highest) | 93 |
| Returns on capital | 74 | 92 | — | 97 (highest) |
| Balance-sheet safety | 19 | 73 | 71 | 87 (highest) |
| Capital allocation | 88 (highest) | 88 (highest) | 60 | 54 |
| 116% above value if growth stopped today | 241% above value if growth stopped today | 701% above value if growth stopped today | 88% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $27.9B | $11.3B | $1.2B | $188.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |