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 | SNDK | 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 | 78 (highest) | 59 | 75 |
| Pricing power | 99 | 13 | 100 (highest) | 100 (highest) |
| Returns on capital | 0 | 9 (highest) | 0 | 0 |
| Balance-sheet safety | 55 | 100 (highest) | 40 | 44 |
| Capital allocation | 24 | 44 (highest) | 44 (highest) | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $5.6B | $203.6B | $1.1B | $12.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |