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.
BOX · 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 | NOW | BR | BOX | TDC |
|---|---|---|---|---|
| Moat Score (0–100) | 71 (highest) | 71 (highest) | 71 (highest) | 71 (highest) |
| 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 | 97 (highest) | 75 | 45 |
| Pricing power | 100 (highest) | 46 | 98 | 88 |
| Returns on capital | 35 | 85 | — | 93 (highest) |
| Balance-sheet safety | 100 (highest) | 44 | 60 | 70 |
| Capital discipline | 24 | 82 (highest) | 49 | 58 |
| Price vs. high estimate | 553% above high estimate | 43% above high estimate | 159% above high estimate | 25% above high estimate (largest discount to high estimate) |
| Market cap | $103.5B | $17.4B | $4.1B | $2.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |