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.
LZ · 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%.
GRND · Technology · Narrow moat
On the watchlist
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 | LZ | GRND | EPAM | CPAY |
|---|---|---|---|---|
| Moat Score (0–100) | 76 | 77 (highest) | 76 | 76 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 74 | 85 | 60 | 100 (highest) |
| Pricing power | 100 (highest) | — | 54 | 100 (highest) |
| Returns on capital | — | 93 | 100 (highest) | 74 |
| Balance-sheet safety | 71 | 69 | 100 (highest) | 19 |
| Capital allocation | 60 | 60 | 68 | 88 (highest) |
| 723% above value if growth stopped today | 552% above value if growth stopped today | 9% below value if growth stopped today (largest discount to value if growth stopped today) | 96% above value if growth stopped today | |
| Market cap | $1.3B | $2.7B | $4.9B | $25.3B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |