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 | WEX | OLED | CART | 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 | 77 | 80 | 85 (highest) |
| Pricing power | 67 | 99 | 98 | 100 (highest) |
| Returns on capital | 82 | 77 | 88 | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 100 (highest) | 79 | 64 | 44 |
| 36% above value if growth stopped today (largest discount to value if growth stopped today) | 61% above value if growth stopped today | 111% above value if growth stopped today | No price data | |
| Market cap | $6.0B | $3.7B | $10.3B | Not reported |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |