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.
CRWD · 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%.
HNGE · 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 | CRWD | BKTI | HNGE | PAYS |
|---|---|---|---|---|
| Moat Score (0–100) | 63 (highest) | 63 (highest) | 63 (highest) | 63 (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 | 60 | 78 | 60 | 80 (highest) |
| Pricing power | 92 | 70 | 93 (highest) | 74 |
| Returns on capital | — | 7 (highest) | — | 0 |
| Balance-sheet safety | 55 | 100 (highest) | 55 | 100 (highest) |
| Capital discipline | 44 | 60 (highest) | 44 | 60 (highest) |
| Price vs. high estimate | No price data | No price data | No price data | 360% above high estimate |
| Market cap | Not reported | $291M | Not reported | $479M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |