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.
PRKR · Technology · Shallow moat
Doesn't clear the bar
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%.
IBM · Technology · Shallow moat
Doesn't clear the bar
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 | TRIP | PRKR | NTWK | IBM |
|---|---|---|---|---|
| Moat Score (0–100) | 58 | 59 (highest) | 59 (highest) | 58 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 75 | 85 (highest) | 69 | 78 |
| Pricing power | 100 (highest) | 70 | 70 | 86 |
| Returns on capital | 33 (highest) | — | 22 | — |
| Balance-sheet safety | 44 | 55 | 100 (highest) | 23 |
| Capital allocation | 40 | 24 | 32 | 45 (highest) |
| 185% above value if growth stopped today | No price data | 268% above value if growth stopped today | 96% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $1.1B | $12.9M | $77.4M | $219.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |