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.
FTDR · Technology · Narrow 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 | FTDR | MTCH | MELI | CRMZ |
|---|---|---|---|---|
| Moat Score (0–100) | 77 | 78 (highest) | 78 (highest) | 77 |
| 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 | 83 | 100 (highest) | 48 |
| Pricing power | 78 | 99 (highest) | 85 | 98 |
| Returns on capital | — | 86 (highest) | 62 | 58 |
| Balance-sheet safety | 47 | 22 | 81 | 100 (highest) |
| Capital discipline | 96 | 100 (highest) | 60 | 79 |
| Price vs. high estimate | 60% above high estimate | 21% below high estimate (largest discount to high estimate) | 720% above high estimate | 23% above high estimate |
| Market cap | $5.1B | $8.8B | $91.3B | $23.2M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |