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.
IBEX · 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 | FTNT | IBEX | META |
|---|---|---|---|
| Moat Score (0–100) | 100 (highest) | 99 | 98 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 100 (highest) | 94 | 95 |
| Pricing power | 100 (highest) | — | 100 (highest) |
| Returns on capital | 100 (highest) | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 97 |
| Capital allocation | 100 (highest) | 100 (highest) | 100 (highest) |
| 972% above value if growth stopped today | 45% above value if growth stopped today (largest discount to value if growth stopped today) | 334% above value if growth stopped today | |
| Market cap | $136.7B | $596M | $1.9T |
| Moat tier | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2026 | FY2025 |