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.
HHS · Technology · Shallow moat
Doesn't clear the bar
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 | IIIV | VRT | HHS | UPWK |
|---|---|---|---|---|
| Moat Score (0–100) | 59 (highest) | 59 (highest) | 59 (highest) | 59 (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 | 48 | 95 (highest) | 20 | 75 |
| Pricing power | 63 | 53 | — | 96 (highest) |
| Returns on capital | 4 | 28 | 91 (highest) | 4 |
| Balance-sheet safety | 100 (highest) | 92 | 100 (highest) | 94 |
| Capital allocation | 80 (highest) | 28 | 24 | 24 |
| 239% above value if growth stopped today | 1557% above value if growth stopped today | 78% above value if growth stopped today (largest discount to value if growth stopped today) | 86% above value if growth stopped today | |
| Market cap | $690M | $111.1B | $17.9M | $1.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |