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 | EQPT | ASAN | SPT | ESTC |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (highest) |
| Pricing power | 84 | 100 (highest) | 100 (highest) | 100 (highest) |
| Returns on capital | 17 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 0 | 55 (highest) | 55 (highest) | 55 (highest) |
| Capital discipline | 77 (highest) | 24 | 24 | 24 |
| Margin of safety | 329% above value | No price data | No price data | No price data |
| Market cap | $1.3B | — | $505.4M | $6.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2026 |