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.
| Measure | GWRE | DGII | AVNW | INOD |
|---|---|---|---|---|
| Moat Score (0–100) | 57 (highest) | 57 (highest) | 57 (highest) | 57 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 85 | 92 (highest) | 60 | 80 |
| Pricing power | 84 (highest) | 81 | 56 | 66 |
| Returns on capital | 4 | 0 | 7 | 14 (highest) |
| Balance-sheet safety | 51 | 51 | 85 | 100 (highest) |
| Capital allocation | 61 | 60 | 76 (highest) | 24 |
| 13076% above value if growth stopped today | 359% above value if growth stopped today | 117% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $14.4B | $2.7B | $249M | $1.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2026 | FY2025 |