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.
PAYO · Technology · Wide moat
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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 | PAYO | FICO | DUOL | MSCI |
|---|---|---|---|---|
| Moat Score (0–100) | 85 (highest) | 85 (highest) | 85 (highest) | 85 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 78 | 90 | 81 | 98 (highest) |
| Pricing power | — | 96 | 100 (highest) | 100 (highest) |
| Returns on capital | 86 | 100 (highest) | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 40 | 100 (highest) | 25 |
| Capital discipline | 75 | 100 (highest) | 44 | 100 (highest) |
| Price vs. high estimate | 100% above high estimate (largest discount to high estimate) | 279% above high estimate | No price data | 130% above high estimate |
| Market cap | $2.5B | $30.0B | — | $46.0B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |