The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | TENB | LINK | SITM | BILL |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 40 (highest) |
| Pricing power | 98 (highest) | 73 | 76 | 97 |
| Returns on capital | 0 | 8 (highest) | 4 | 0 |
| Balance-sheet safety | 28 | 55 (highest) | 55 (highest) | 28 |
| Capital discipline | 24 | 24 | 24 | 26 (highest) |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | — | $46.0M | $14.6B | $4.6B |
| Moat tier | No moat | Shallow moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |