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.
FTDR · Technology · Narrow moat
On the watchlist
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%.
GRND · Technology · Narrow 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 | SPGI | FTDR | CRMZ | GRND |
|---|---|---|---|---|
| Moat Score (0–100) | 77 (highest) | 77 (highest) | 77 (highest) | 77 (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 | 78 | 89 (highest) | 48 | 85 |
| Pricing power | 100 (highest) | 78 | 98 | — |
| Returns on capital | 77 | — | 58 | 93 (highest) |
| Balance-sheet safety | 73 | 47 | 100 (highest) | 69 |
| Capital allocation | 56 | 96 (highest) | 79 | 60 |
| 174% above value if growth stopped today | 184% above value if growth stopped today | 23% above value if growth stopped today (largest discount to value if growth stopped today) | 563% above value if growth stopped today | |
| Market cap | $126.9B | $5.6B | $23.2M | $2.8B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |