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 | FFIV | GOOG | QLYS | ADBE |
|---|---|---|---|---|
| Moat Score (0–100) | 95 | 97 (highest) | 95 | 95 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 89 | 95 | 100 (highest) | 100 (highest) |
| Pricing power | 100 (highest) | 94 | 100 (highest) | 100 (highest) |
| Returns on capital | 100 (highest) | 97 | 97 | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 98 | 100 (highest) | 73 |
| Capital allocation | 86 | 100 (highest) | 81 | 100 (highest) |
| 423% above value if growth stopped today | 394% above value if growth stopped today | 265% above value if growth stopped today | 57% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $26.3B | $4.17T | $6.9B | $103.9B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |