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 · Wide moat
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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%.
AVPT · Technology · Wide 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%.
| Measure | LZ | URI | AVPT | NSSC |
|---|---|---|---|---|
| Moat Score (0–100) | 81 (highest) | 81 (highest) | 81 (highest) | 81 (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 | 93 (highest) | 64 | 82 | 90 |
| Pricing power | 100 (highest) | 70 | 100 (highest) | 45 |
| Returns on capital | — | 100 (highest) | — | 90 |
| Balance-sheet safety | 71 | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital discipline | 60 | 73 | 44 | 80 (highest) |
| Price vs. high estimate | 445% above high estimate | 46% above high estimate (largest discount to high estimate) | No price data | 326% above high estimate |
| Market cap | $1.4B | $63.9B | $2.8B | $1.3B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |