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%.
VRSN · 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 | GRND | BBSI | VRSN | SPGI |
|---|---|---|---|---|
| Moat Score (0–100) | 77 (highest) | 77 (highest) | 77 (highest) | 76 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 85 (highest) | 80 | 67 | 77 |
| Pricing power | — | 32 | 100 (highest) | 100 (highest) |
| Returns on capital | 93 | 100 (highest) | — | 77 |
| Balance-sheet safety | 69 | 73 (highest) | 59 | 73 (highest) |
| Capital discipline | 60 | 100 (highest) | 81 | 56 |
| Price vs. high estimate | 563% above high estimate | 10% above high estimate (largest discount to high estimate) | 71% above high estimate | 72% above high estimate |
| Market cap | $2.8B | $1.0B | $24.5B | $128.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |