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 | EVER | PANW | IDN | MGNI |
|---|---|---|---|---|
| Moat Score (0–100) | 61 (highest) | 61 (highest) | 61 (highest) | 60 |
| 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 | 82 (highest) | 75 |
| Pricing power | 100 (highest) | 100 (highest) | 97 | 82 |
| Returns on capital | 9 (highest) | 7 | 0 | 4 |
| Balance-sheet safety | 100 (highest) | 73 | 100 (highest) | 62 |
| Capital allocation | 24 | 44 | 24 | 80 (highest) |
| No price data | 3281% above value if growth stopped today | No price data | 334% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $945M | $216.3B | $73.4M | $2.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |