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.
HNIT · Technology · Shallow moat
Doesn't clear the bar
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 | HNIT | YEXT | WETH | MRVL |
|---|---|---|---|---|
| Moat Score (0–100) | 54 (highest) | 54 (highest) | 54 (highest) | 54 (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 | 20 | 70 | 17 | 76 (highest) |
| Pricing power | 100 (highest) | 100 (highest) | 54 | 78 |
| Returns on capital | — | 12 | 100 (highest) | 0 |
| Balance-sheet safety | 55 | 65 | 100 (highest) | 56 |
| Capital discipline | 42 | 24 | 0 | 60 (highest) |
| Price vs. high estimate | No price data | No price data | 83% below high estimate | No price data |
| Market cap | $445.4M | $670.0M | $15.7M | $165.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2026 |