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.
IBEX · 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 | SMTC | FTNT | META | IBEX |
|---|---|---|---|---|
| Moat Score (0–100) | 37 | 100 (highest) | 98 | 98 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 58 | 100 (highest) | 95 | 92 |
| Pricing power | 85 | 100 (highest) | 100 (highest) | — |
| Returns on capital | 15 | 100 (highest) | 100 (highest) | 100 (highest) |
| Balance-sheet safety | 0 | 100 (highest) | 97 | 100 (highest) |
| Capital allocation | 24 | 100 (highest) | 100 (highest) | 100 (highest) |
| No price data | 788% above value if growth stopped today | 250% above value if growth stopped today | 27% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $11.7B | $113.2B | $1.53T | $447M |
| Moat tier | No moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |