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.
BOX · 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 | TDC | BOX | NOW | BSY |
|---|---|---|---|---|
| Moat Score (0–100) | 71 (highest) | 71 (highest) | 71 (highest) | 71 (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 | 45 | 75 | 95 (highest) | 95 (highest) |
| Pricing power | 88 | 98 | 100 (highest) | 100 (highest) |
| Returns on capital | 93 (highest) | — | 35 | 45 |
| Balance-sheet safety | 70 | 60 | 100 (highest) | 61 |
| Capital allocation | 58 (highest) | 49 | 24 | 52 |
| 31% above value if growth stopped today (largest discount to value if growth stopped today) | 239% above value if growth stopped today | 826% above value if growth stopped today | 313% above value if growth stopped today | |
| Market cap | $2.8B | $5.4B | $146.6B | $11.7B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |