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.
| Measure | DOCU | BKTI | ZIP | PANW |
|---|---|---|---|---|
| Moat Score (0–100) | 57 (highest) | 57 (highest) | 57 (highest) | 57 (highest) |
| Pricing power | 100 (highest) | 70 | 100 (highest) | 100 (highest) |
| Returns on capital | 25 | 14 | 41 (highest) | 11 |
| Balance-sheet safety | 73 | 100 (highest) | 28 | 73 |
| Capital discipline | 24 | 60 (highest) | 44 | 44 |
| Margin of safety | 1125% above value | No price data | 264% above value (highest margin of safety) | 3646% above value |
| Market cap | $10.4B | $306.3M | $282.6M | $239.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |