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 | DELL | SHOP | ZETA | KFRC |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 60 (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 | 67 | 78 (highest) | 70 | 12 |
| Pricing power | 35 | 84 | 100 (highest) | 51 |
| Returns on capital | 72 | 0 | 0 | 100 (highest) |
| Balance-sheet safety | 38 | 100 (highest) | 86 | 100 (highest) |
| Capital discipline | 87 (highest) | 38 | 44 | 36 |
| Price vs. high estimate | 213% above high estimate (largest discount to high estimate) | 1810% above high estimate | No price data | No price data |
| Market cap | $285.1B | $148.4B | $4.2B | Not reported |
| Moat tier | Shallow moat | Narrow moat | Narrow moat | Shallow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |