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.
XZO · Technology · Narrow moat
On the watchlist
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%.
Q · Technology · Narrow moat
On the watchlist
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 | XZO | Q | ALRM | IA |
|---|---|---|---|---|
| Moat Score (0–100) | 75 (highest) | 75 (highest) | 75 (highest) | 75 (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 | 100 (highest) | 97 | 96 | 100 (highest) |
| Pricing power | 38 | 78 | 99 (highest) | 85 |
| Returns on capital | — | — | 72 (highest) | 49 |
| Balance-sheet safety | 100 (highest) | 59 | 42 | 67 |
| Capital allocation | 60 | 65 | 65 | 72 (highest) |
| 201% above value if growth stopped today | 165% above value if growth stopped today | 146% above value if growth stopped today (largest discount to value if growth stopped today) | 382% above value if growth stopped today | |
| Market cap | $1.5B | $24.2B | $2.8B | $344M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |