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.
MNTN · 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%.
FTDR · 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%.
| Measure | MELI | MNTN | MTCH | FTDR |
|---|---|---|---|---|
| Moat Score (0–100) | 78 (highest) | 78 (highest) | 78 (highest) | 77 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 100 (highest) | 70 | 83 | 89 |
| Pricing power | 85 | 97 | 99 (highest) | 78 |
| Returns on capital | 62 | — | 86 (highest) | — |
| Balance-sheet safety | 81 | 100 (highest) | 22 | 47 |
| Capital allocation | 60 | 44 | 100 (highest) | 96 |
| 737% above value if growth stopped today | No price data | 42% above value if growth stopped today (largest discount to value if growth stopped today) | 177% above value if growth stopped today | |
| Market cap | $93.2B | $155M | $9.9B | $5.4B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |