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.
HHS · Technology · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | VRT | LQDT | DOCU | HHS |
|---|---|---|---|---|
| Moat Score (0–100) | 59 (highest) | 59 (highest) | 59 (highest) | 59 (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 | 95 (highest) | 60 | 75 | 20 |
| Pricing power | 53 | 80 | 100 (highest) | — |
| Returns on capital | 28 | 57 | 25 | 91 (highest) |
| Balance-sheet safety | 92 | 100 (highest) | 73 | 100 (highest) |
| Capital allocation | 28 (highest) | 0 | 24 | 24 |
| 1323% above value if growth stopped today | 369% above value if growth stopped today | 1504% above value if growth stopped today | 239% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $95.4B | $1.6B | $13.7B | $34M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |