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.
AVPT · Technology · Wide 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%.
KFY · Technology · Wide moat
Wonderful & reasonably priced
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | EXLS | AVPT | EGAN | KFY |
|---|---|---|---|---|
| Moat Score (0–100) | 80 | 81 (highest) | 81 (highest) | 80 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 100 (highest) | 80 | 55 | 49 |
| Pricing power | 60 | 100 (highest) | 97 | — |
| Returns on capital | 59 | — | 100 (highest) | 72 |
| Balance-sheet safety | 89 | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 94 | 44 | 51 | 100 (highest) |
| 201% above value if growth stopped today | No price data | No price data | 25% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $6.2B | $3.1B | $145M | $3.7B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2026 |