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.
WAY · Technology · Shallow moat
Doesn't clear the bar
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 | ONFO | WAY | ASAN | BLND |
|---|---|---|---|---|
| Moat Score (0–100) | 48 | 49 (highest) | 48 | 48 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 60 | 85 (highest) | 63 | 63 |
| Pricing power | 83 | — | 100 (highest) | 80 |
| Returns on capital | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Balance-sheet safety | 55 (highest) | 50 | 55 (highest) | 55 (highest) |
| Capital discipline | 44 | 60 (highest) | 24 | 44 |
| Price vs. high estimate | No price data | 199% above high estimate | No price data | No price data |
| Market cap | $772185 | $4.2B | — | $460.9M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |