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
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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 | FN | CRUS | AVPT | EXLS |
|---|---|---|---|---|
| Moat Score (0–100) | 81 (highest) | 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) | 74 | 80 | 100 (highest) |
| Pricing power | 29 | 87 | 100 (highest) | 60 |
| Returns on capital | 92 | 97 (highest) | — | 59 |
| Balance-sheet safety | 100 (highest) | 73 | 100 (highest) | 89 |
| Capital allocation | 82 | 77 | 44 | 94 (highest) |
| 517% above value if growth stopped today | 69% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 111% above value if growth stopped today | |
| Market cap | $17.0B | $6.8B | $2.6B | $4.3B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |