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.
| Measure | UI | TTD | ADSK | ANET |
|---|---|---|---|---|
| Moat Score (0–100) | 88 (highest) | 88 (highest) | 88 (highest) | 87 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 | 95 | 100 (highest) | 77 |
| Pricing power | 70 | 100 (highest) | 100 (highest) | 100 (highest) |
| Returns on capital | 100 (highest) | 93 | 90 | 100 (highest) |
| Balance-sheet safety | 98 | 73 | 97 | 100 (highest) |
| Capital allocation | 100 (highest) | 80 | 52 | 60 |
| 602% above value if growth stopped today | 261% above value if growth stopped today (largest discount to value if growth stopped today) | 295% above value if growth stopped today | 827% above value if growth stopped today | |
| Market cap | $31.8B | $8.5B | $44.5B | $218.6B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |