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.
HSTM · Technology · Narrow moat
Wonderful & reasonably priced
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 | ZM | MGRC | HSTM | CRM |
|---|---|---|---|---|
| Moat Score (0–100) | 69 | 70 (highest) | 69 | 69 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 80 | 95 (highest) | 84 | 95 (highest) |
| Pricing power | 98 | 70 | — | 100 (highest) |
| Returns on capital | 24 | 80 (highest) | 0 | 0 |
| Balance-sheet safety | 100 (highest) | 42 | 100 (highest) | 90 |
| Capital allocation | 44 | 61 | 94 (highest) | 60 |
| 141% above value if growth stopped today | 21% above value if growth stopped today (largest discount to value if growth stopped today) | 34% above value if growth stopped today | 204% above value if growth stopped today | |
| Market cap | $27.0B | $2.9B | $803M | $152.0B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2026 |