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 | NTNX | ATEN | CRWD |
|---|---|---|---|---|
| Moat Score (0–100) | 63 (highest) | 63 (highest) | 63 (highest) | 63 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 60 | 81 (highest) | 70 | 60 |
| Pricing power | 93 | 91 | 100 (highest) | 92 |
| Returns on capital | — | 0 | 74 (highest) | — |
| Balance-sheet safety | 55 | 100 (highest) | 37 | 55 |
| Capital discipline | 44 (highest) | 44 (highest) | 33 | 44 (highest) |
| Price vs. high estimate | No price data | No price data | 391% above high estimate | No price data |
| Market cap | — | — | $2.6B | — |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |