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 | ENPH | VRNS | HUBS | KDOZF |
|---|---|---|---|---|
| Moat Score (0–100) | 49 (highest) | 49 (highest) | 49 (highest) | 48 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 65 | 65 | 75 (highest) | 55 |
| Pricing power | 41 | 99 | 100 (highest) | 43 |
| Returns on capital | 55 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 58 | 55 | 44 | 100 (highest) |
| Capital allocation | 24 | 24 | 24 | 44 (highest) |
| 104% above value if growth stopped today | No price data | No price data | No price data | |
| Market cap | $4.8B | $5.4B | $10.8B | $13.1M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2021 |