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.
ADP · Technology · Wide moat
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The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | WEX | CART | ADP | DUOL |
|---|---|---|---|---|
| Moat Score (0–100) | 86 (highest) | 86 (highest) | 86 (highest) | 86 (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 | 81 | 80 | 95 (highest) | 85 |
| Pricing power | 67 | 98 | 72 | 100 (highest) |
| Returns on capital | 82 | 88 | — | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 82 | 100 (highest) |
| Capital allocation | 100 (highest) | 64 | 95 | 44 |
| 50% above value if growth stopped today (largest discount to value if growth stopped today) | 126% above value if growth stopped today | 159% above value if growth stopped today | No price data | |
| Market cap | $6.6B | $11.0B | $107.9B | Not reported |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |