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.
KFY · 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%.
BBSI · Technology · Narrow moat
Wonderful & reasonably priced
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 | HGBL | KFY | BBSI | VRSN |
|---|---|---|---|---|
| Moat Score (0–100) | 80 (highest) | 80 (highest) | 80 (highest) | 79 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 71 | 49 | 93 (highest) | 78 |
| Pricing power | 70 | — | 32 | 100 (highest) |
| Returns on capital | 97 | 72 | 100 (highest) | — |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 73 | 59 |
| Capital allocation | 60 | 100 (highest) | 100 (highest) | 81 |
| 30% below value if growth stopped today (largest discount to value if growth stopped today) | 21% above value if growth stopped today | 43% above value if growth stopped today | 214% above value if growth stopped today | |
| Market cap | $43.8M | $3.6B | $803M | $27.7B |
| Moat tier | Narrow moat | Wide moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |