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.
MPTI · Technology · Wide 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%.
MA · Technology · Wide 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 | MPTI | MANH | MA | NTAP |
|---|---|---|---|---|
| Moat Score (0–100) | 92 | 93 (highest) | 92 | 92 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 100 (highest) | 93 | 96 | 78 |
| Pricing power | — | 91 | — | 98 (highest) |
| Returns on capital | 88 | 100 (highest) | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 94 | 85 |
| Capital discipline | 80 | 80 | 80 | 98 (highest) |
| Price vs. high estimate | 573% above high estimate | 210% above high estimate | No price data | 45% above high estimate (largest discount to high estimate) |
| Market cap | $260.9M | $9.9B | — | $31.6B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |