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 | DOCU | HQY | LQDT | VRT |
|---|---|---|---|---|
| Moat Score (0–100) | 59 (highest) | 59 (highest) | 59 (highest) | 59 (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 | 75 | 85 | 60 | 95 (highest) |
| Pricing power | 100 (highest) | 96 | 80 | 53 |
| Returns on capital | 25 | 11 | 57 (highest) | 28 |
| Balance-sheet safety | 73 | 46 | 100 (highest) | 92 |
| Capital allocation | 24 | 60 (highest) | 0 | 28 |
| 1071% above value if growth stopped today | 250% above value if growth stopped today (largest discount to value if growth stopped today) | 311% above value if growth stopped today | 1557% above value if growth stopped today | |
| Market cap | $10.0B | $8.0B | $1.4B | $111.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2026 | FY2025 | FY2025 |