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.
HSTM · Technology · Narrow moat
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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%.
| Measure | HSTM | NVEC | MGRC | ZM |
|---|---|---|---|---|
| Moat Score (0–100) | 69 | 70 (highest) | 70 (highest) | 69 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 84 | 37 | 95 (highest) | 80 |
| Pricing power | — | 70 | 70 | 98 (highest) |
| Returns on capital | 0 | 100 (highest) | 80 | 24 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 42 | 100 (highest) |
| Capital allocation | 94 (highest) | 42 | 61 | 44 |
| 63% above value if growth stopped today | 184% above value if growth stopped today | 14% above value if growth stopped today (largest discount to value if growth stopped today) | 158% above value if growth stopped today | |
| Market cap | $980M | $480M | $2.8B | $28.9B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2026 |