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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

PYPL · Technology · Wide moat

Wide moat

Wonderful & reasonably priced

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%.

UI · Technology · Wide moat

Wide moat

On the watchlist

PAYC · Technology · Wide moat

Wide moat

On the watchlist

JKHY · Technology · Wide moat

Wide moat

On the watchlist

MeasurePYPLUIPAYCJKHY
Moat Score (0–100)89 (highest)89 (highest)89 (highest)88
Methodology versionmoat-index@2.0.0moat-index@2.0.0moat-index@2.0.0moat-index@2.0.0
Business trend97 (highest)768293
Pricing power70100 (highest)71
Returns on capital77100 (highest)100 (highest)100 (highest)
Balance-sheet safety819873100 (highest)
Capital discipline100 (highest)100 (highest)8977
Price vs. high estimate36% below high estimate (largest discount to high estimate)339% above high estimate34% above high estimate64% above high estimate
Market cap$52.3B$32.2B$8.2B$11.2B
Moat tierWide moatWide moatWide moatWide moat
Filings as ofFY2025FY2025FY2025FY2025