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.
IBM · 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%.
PRKR · 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 | IBM | PRKR | TRIP | NTCT |
|---|---|---|---|---|
| Moat Score (0–100) | 58 | 59 (highest) | 58 | 58 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 78 | 85 (highest) | 75 | 65 |
| Pricing power | 86 | 70 | 100 (highest) | 99 |
| Returns on capital | — | — | 33 (highest) | 0 |
| Balance-sheet safety | 23 | 55 | 44 | 73 (highest) |
| Capital allocation | 45 | 24 | 40 | 52 (highest) |
| 96% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 183% above value if growth stopped today | 99% above value if growth stopped today | |
| Market cap | $220.1B | $18.6M | $1.1B | $2.7B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |