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 | UPWK | IDN | MGNI | PRGS |
|---|---|---|---|---|
| Moat Score (0–100) | 55 (highest) | 55 (highest) | 55 (highest) | 55 (highest) |
| Pricing power | 96 | 97 | 82 | 100 (highest) |
| Returns on capital | 9 | 4 | 7 | 40 (highest) |
| Balance-sheet safety | 94 | 100 (highest) | 62 | 0 |
| Capital discipline | 24 | 24 | 80 (highest) | 64 |
| Margin of safety | 91% above value (highest margin of safety) | No price data | 204% above value | 110% above value |
| Market cap | $1.2B | $75.4M | $2.7B | $1.7B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |