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.
| Measure | CSGP | NET | FIG | NABL |
|---|---|---|---|---|
| Moat Score (0–100) | 47 (highest) | 47 (highest) | 47 (highest) | 47 (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 | 65 (highest) | 60 | 65 (highest) |
| Pricing power | 100 (highest) | 100 (highest) | 98 | 99 |
| Returns on capital | 21 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 28 | 55 (highest) | 52 |
| Capital allocation | 0 | 44 (highest) | 24 | 20 |
| 290% above value if growth stopped today | No price data | No price data | 142% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $13.4B | $110.1B | $7.7B | $762M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |