The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

Definitive Healthcare Corp.

DH · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

Repay Holdings Corp

RPAY · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

NETGEAR, Inc.

NTGR · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

AVIAT NETWORKS, INC.

AVNW · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	DH	RPAY	NTGR	AVNW
Moat Score (0–100)	41	42 (highest)	41	41
Pricing power	99	100 (highest)	46	50
Returns on capital	0	4	12 (highest)	7
Balance-sheet safety	28	28	55	76 (highest)
Capital discipline	29	24	64 (highest)	44
Margin of safety	No price data	81209% above value	No price data	97% above value (highest margin of safety)
Market cap	$79.3M	$332.0B	$626.8M	$264.0M
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.