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.
ESMR · Technology · Narrow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
PARA · Technology · Narrow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | ESMR | PAYS | P | PARA |
|---|---|---|---|---|
| Moat Score (0–100) | 62 | 63 (highest) | 62 | 62 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 | 80 (highest) | 80 (highest) | 57 |
| Pricing power | 100 (highest) | 74 | 100 (highest) | 91 |
| Returns on capital | — | 0 | 4 (highest) | — |
| Balance-sheet safety | 55 | 100 (highest) | 100 (highest) | 55 |
| Capital allocation | 24 | 60 (highest) | 28 | 44 |
| No price data | 683% above value if growth stopped today | No price data | No price data | |
| Market cap | Not reported | $815M | Not reported | $5.7M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |