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.
VRSN · 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 | NXT | HGBL | VRSN | APH |
|---|---|---|---|---|
| Moat Score (0–100) | 79 | 80 (highest) | 79 | 79 |
| 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) | 71 | 78 | 89 |
| Pricing power | 17 | 70 | 100 (highest) | 55 |
| Returns on capital | 100 (highest) | 97 | — | 90 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 59 | 81 |
| Capital discipline | 80 | 60 | 81 (highest) | 80 |
| Price vs. high estimate | No price data | 33% below high estimate (largest discount to high estimate) | 80% above high estimate | 430% above high estimate |
| Market cap | Not reported | $41.7M | $25.7B | $187.3B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |