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 | ZETA | NTNX | SHOP | DELL |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 60 (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 | 70 | 85 (highest) | 78 | 67 |
| Pricing power | 100 (highest) | 91 | 84 | 35 |
| Returns on capital | 0 | 0 | 0 | 72 (highest) |
| Balance-sheet safety | 86 | 100 (highest) | 100 (highest) | 38 |
| Capital allocation | 44 | 24 | 38 | 87 (highest) |
| No price data | No price data | 2746% above value if growth stopped today | 423% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $7.0B | Not reported | $221.2B | $294.4B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2026 |