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
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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 | STX | LQDT | P |
|---|---|---|---|---|
| Moat Score (0–100) | 62 | 63 (highest) | 62 | 62 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 70 | 52 | 74 | 78 (highest) |
| Pricing power | 100 (highest) | 34 | 80 | 100 (highest) |
| Returns on capital | — | 90 (highest) | 57 | 4 |
| Balance-sheet safety | 55 | 38 | 100 (highest) | 100 (highest) |
| Capital discipline | 24 | 100 (highest) | 0 | 28 |
| Price vs. high estimate | No price data | 1069% above high estimate | 324% above high estimate (largest discount to high estimate) | No price data |
| Market cap | — | $170.7B | $1.4B | — |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |