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.
HSTM · Technology · Narrow moat
Wonderful & reasonably priced
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 | MGRC | TXN | NVEC | HSTM |
|---|---|---|---|---|
| Moat Score (0–100) | 70 (highest) | 70 (highest) | 70 (highest) | 69 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 95 (highest) | 28 | 37 | 84 |
| Pricing power | 70 | 97 (highest) | 70 | — |
| Returns on capital | 80 | 100 (highest) | 100 (highest) | 0 |
| Balance-sheet safety | 42 | 59 | 100 (highest) | 100 (highest) |
| Capital allocation | 61 | 65 | 42 | 94 (highest) |
| 21% above value if growth stopped today (largest discount to value if growth stopped today) | 251% above value if growth stopped today | 237% above value if growth stopped today | 34% above value if growth stopped today | |
| Market cap | $2.9B | $253.7B | $569M | $803M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |