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 | VRNS | RUN | CLVT | HUBS |
|---|---|---|---|---|
| Moat Score (0–100) | 49 (highest) | 49 (highest) | 49 (highest) | 49 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 65 | 70 | 59 | 75 (highest) |
| Pricing power | 99 | 86 | 100 (highest) | 100 (highest) |
| Returns on capital | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Balance-sheet safety | 55 (highest) | 28 | 40 | 44 |
| Capital allocation | 24 | 60 (highest) | 44 | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $5.4B | $2.3B | $1.3B | $10.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |