Every company below is scored 0–3 across the 8 moats — Data, Workflow, Regulatory, Distribution, Ecosystem, Network Effects, Physical/Infrastructure, and Scale — anchored to comparable companies, not isolated opinion. Each one surfaces where the defensibility is real, where it's thin, and where the story outruns the structure.
Each scorecard includes the headline finding, the moat narrative trap, all 8 moats scored and anchored, and the structural-availability read.
Five of eight moats clear the real-moat threshold — but the “AI Data Cloud” story leans on the one moat (Data) that the company's own privacy commitments cap at a 1.
Three real moats — Workflow, Distribution, and Data — and not one of them is the model layer the company markets hardest.
Score your own moats with the Stacking Moats Playbook, or book a discovery call to talk through what a scorecard on your company (or a competitor) would actually show.