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.
Q · Technology · Narrow moat
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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 | Q | VRSK | PAY | ALRM |
|---|---|---|---|---|
| Moat Score (0–100) | 75 | 76 (highest) | 76 (highest) | 75 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 97 (highest) | 86 | 95 | 96 |
| Pricing power | 78 | 99 (highest) | 48 | 99 (highest) |
| Returns on capital | — | 71 | 55 | 72 (highest) |
| Balance-sheet safety | 59 | 48 | 100 (highest) | 42 |
| Capital allocation | 65 | 76 | 80 (highest) | 65 |
| 177% above value if growth stopped today | 151% above value if growth stopped today | No price data | 142% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $25.3B | $25.7B | Not reported | $2.8B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |