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.
CRCW · Technology · Shallow moat
Doesn't clear the bar
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 | CRCW | NCNO | EFOR | NXTT |
|---|---|---|---|---|
| Moat Score (0–100) | 45 (highest) | 45 (highest) | 45 (highest) | 45 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 47 | 75 (highest) | 68 | 45 |
| Pricing power | 60 | 98 (highest) | 48 | 67 |
| Returns on capital | — | 0 | 17 (highest) | 12 |
| Balance-sheet safety | 28 | 28 | 18 | 55 (highest) |
| Capital discipline | 44 | 24 | 72 (highest) | 44 |
| Price vs. high estimate | No price data | No price data | 75% below high estimate | No price data |
| Market cap | $5.1M | $2.0B | $765.2M | $4.5M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |