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 | PRGS | MGNI | UPWK | ACIW |
|---|---|---|---|---|
| Moat Score (0–100) | 55 (highest) | 55 (highest) | 55 (highest) | 55 (highest) |
| Pricing power | 100 (highest) | 82 | 96 | 84 |
| Returns on capital | 40 (highest) | 7 | 9 | 18 |
| Balance-sheet safety | 0 | 62 | 94 (highest) | 44 |
| Capital discipline | 64 | 80 (highest) | 24 | 77 |
| Margin of safety | 110% above value | 204% above value | 91% above value | 29% above value (highest margin of safety) |
| Market cap | $1.7B | $2.7B | $1.2B | $6.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |