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 | ESTC | ASAN | SPT | DOCN |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (highest) |
| Pricing power | 100 (highest) | 100 (highest) | 100 (highest) | 96 |
| Returns on capital | 0 | 0 | 0 | 12 (highest) |
| Balance-sheet safety | 55 (highest) | 55 (highest) | 55 (highest) | 23 |
| Capital discipline | 24 | 24 | 24 | 44 (highest) |
| Margin of safety | No price data | No price data | No price data | 4970% above value |
| Market cap | $6.5B | — | $505.4M | $10.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2026 | FY2026 | FY2025 | FY2025 |