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.
CRWD · 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%.
ESMR · 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 | P | CRWD | PAYS | ESMR |
|---|---|---|---|---|
| Moat Score (0–100) | 62 | 63 (highest) | 63 (highest) | 62 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 80 (highest) | 60 | 80 (highest) | 70 |
| Pricing power | 100 (highest) | 92 | 74 | 100 (highest) |
| Returns on capital | 4 (highest) | — | 0 | — |
| Balance-sheet safety | 100 (highest) | 55 | 100 (highest) | 55 |
| Capital allocation | 28 | 44 | 60 (highest) | 24 |
| No price data | No price data | 725% above value if growth stopped today | No price data | |
| Market cap | Not reported | Not reported | $859M | Not reported |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2026 | FY2025 | FY2025 |