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
On the watchlist
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%.
CDNS · Technology · Wide moat
On the watchlist
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 | RCMT | PAYO | MSCI | CDNS |
|---|---|---|---|---|
| Moat Score (0–100) | 85 (highest) | 85 (highest) | 85 (highest) | 85 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 90 | 80 | 100 (highest) | 100 (highest) |
| Pricing power | 44 | — | 100 (highest) | — |
| Returns on capital | 90 | 86 | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 25 | 55 |
| Capital allocation | 100 (highest) | 75 | 100 (highest) | 85 |
| 10% above value if growth stopped today (largest discount to value if growth stopped today) | 100% above value if growth stopped today | 229% above value if growth stopped today | 636% above value if growth stopped today | |
| Market cap | $203M | $2.5B | $40.5B | $88.7B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |