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.
FTDR · Technology · Narrow moat
On the watchlist
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 | CRMZ | MELI | FTDR | SPGI |
|---|---|---|---|---|
| Moat Score (0–100) | 77 | 78 (highest) | 77 | 77 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 48 | 100 (highest) | 89 | 78 |
| Pricing power | 98 | 85 | 78 | 100 (highest) |
| Returns on capital | 58 | 62 | — | 77 (highest) |
| Balance-sheet safety | 100 (highest) | 81 | 47 | 73 |
| Capital allocation | 79 | 60 | 96 (highest) | 56 |
| 23% above value if growth stopped today (largest discount to value if growth stopped today) | 737% above value if growth stopped today | 177% above value if growth stopped today | 163% above value if growth stopped today | |
| Market cap | $23.2M | $93.2B | $5.4B | $122.1B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |