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.
VERX · Technology · Shallow moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
| Measure | VERX | KFRC | WU | HQY |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 59 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | — | 12 | 25 | 85 (highest) |
| Pricing power | 98 (highest) | 51 | 64 | 96 |
| Returns on capital | 0 | 100 (highest) | 100 (highest) | 11 |
| Balance-sheet safety | 97 | 100 (highest) | 39 | 46 |
| Capital allocation | 44 | 36 | 71 (highest) | 60 |
| No price data | No price data | 76% below value if growth stopped today (largest discount to value if growth stopped today) | 250% above value if growth stopped today | |
| Market cap | Not reported | Not reported | $2.6B | $8.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |