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.
HNGE · 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%.
CRWD · 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 | HNGE | IMMR | BKTI | CRWD |
|---|---|---|---|---|
| Moat Score (0–100) | 63 (highest) | 63 (highest) | 63 (highest) | 63 (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 | 60 | 57 | 78 (highest) | 60 |
| Pricing power | 93 | 100 (highest) | 70 | 92 |
| Returns on capital | — | 81 (highest) | 7 | — |
| Balance-sheet safety | 55 | 55 | 100 (highest) | 55 |
| Capital allocation | 44 | 24 | 60 (highest) | 44 |
| No price data | 40% below value if growth stopped today | No price data | No price data | |
| Market cap | Not reported | $216M | $291M | Not reported |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2026 |