The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | GWRE | S | RUN | U |
|---|---|---|---|---|
| Moat Score (0–100) | 43 (highest) | 43 (highest) | 43 (highest) | 43 (highest) |
| Pricing power | 84 | 92 | 86 | 96 (highest) |
| Returns on capital | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Balance-sheet safety | 30 | 55 (highest) | 28 | 28 |
| Capital discipline | 60 (highest) | 24 | 60 (highest) | 44 |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $12.7B | $6.5B | $2.8B | $12.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |