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.
GRND · Technology · Narrow moat
On the watchlist
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%.
LZ · Technology · Narrow 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%.
| Measure | FN | GRND | EPAM | LZ |
|---|---|---|---|---|
| Moat Score (0–100) | 76 | 77 (highest) | 76 | 76 |
| 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) | 85 | 60 | 74 |
| Pricing power | 29 | — | 54 | 100 (highest) |
| Returns on capital | 92 | 93 | 100 (highest) | — |
| Balance-sheet safety | 73 | 69 | 100 (highest) | 71 |
| Capital allocation | 88 (highest) | 60 | 68 | 60 |
| 321% above value if growth stopped today | 576% above value if growth stopped today | 16% above value if growth stopped today (largest discount to value if growth stopped today) | 577% above value if growth stopped today | |
| Market cap | $13.9B | $2.8B | $6.2B | $1.0B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |