The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | PANW | ZIP | DOCU | VPG |
|---|---|---|---|---|
| Moat Score (0–100) | 57 (highest) | 57 (highest) | 57 (highest) | 56 |
| Pricing power | 100 (highest) | 100 (highest) | 100 (highest) | 67 |
| Returns on capital | 11 | 41 (highest) | 25 | 36 |
| Balance-sheet safety | 73 (highest) | 28 | 73 (highest) | 68 |
| Capital discipline | 44 | 44 | 24 | 59 (highest) |
| Margin of safety | 3646% above value | 264% above value (highest margin of safety) | 1125% above value | No price data |
| Market cap | $239.6B | $282.6M | $10.4B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |