Research · refreshed nightly · July 28, 2026
The Textbook Compounders: Moat, Runway and Management (July 2026)
Moat, runway and management, all at once.
Most rankings isolate one virtue. This ranking of textbook compounders demands three at once, moat, runway and management together, which is why only 34 companies qualify. Alnylam leads the ordering at $44B with revenue growing 38 percent a year and a moat scored 73; Veeva follows with a 78, and ServiceNow's 82 is the widest moat in the top ten.
The inversion is the point: rank reflects the full combination, not the single moat number shown, so a narrower moat backed by stronger runway and management can sit higher. The median moat across the group is 72. HEICO, BELIMO and Booking Holdings round out the profile. Click any name for the full citation-backed analysis.
44companies qualify
72median moat
68median MGI
9joined this week
The ranking
Sorted by MGI
1
Alnylam Pharmaceuticals, Inc.ALNY🇺🇸
moat 73 · revenue +38%/yr · asset light
G 76V 58O 80Cap $40.7B
MGI
76
MVI
58
MTI
42
MOI
80
Cap
$40.7B
Growth
+96%2
Goodwin PLCGDWN.GB🇬🇧
moat 72 · revenue +13%/yr · scale economics
G 76V 59O 80Cap $2.0B
MGI
76
MVI
59
MTI
29
MOI
80
Cap
$2.0B
Growth
+15%3
Veeva Systems Inc.VEEV🇺🇸
moat 78 · revenue +14%/yr · asset light
G 75V 68O 87Cap $28.5B
MGI
75
MVI
68
MTI
37
MOI
87
Cap
$28.5B
Growth
+14%4
Ascendis Pharma A/SASND🇩🇰
moat 70 · revenue +157%/yr · asset light
G 75V 58O 78Cap $16.4B
MGI
75
MVI
58
MTI
43
MOI
78
Cap
$16.4B
Growth
+144%5
Plejd ABPLEJD.SE🇸🇪
moat 70 · revenue +28%/yr · asset light
G 75V 69O 81Cap $835.1M
MGI
75
MVI
69
MTI
35
MOI
81
Cap
$835.1M
Growth
+28%6
MercadoLibre, Inc.MELI🇺🇾
moat 72 · revenue +35%/yr · scale economics
G 73V 72O 84Cap $90.0B
MGI
73
MVI
72
MTI
38
MOI
84
Cap
$90.0B
Growth
+49%7
Atlassian CorporationTEAM🇦🇺
moat 70 · revenue +21%/yr · asset light
G 73V 75O 82Cap $20.9B
MGI
73
MVI
75
MTI
44
MOI
82
Cap
$20.9B
Growth
+32%8
Astera Labs, Inc.ALAB🇺🇸
moat 70 · revenue +105%/yr · asset light
G 73V 43O 70Cap $48.4B
MGI
73
MVI
43
MTI
55
MOI
70
Cap
$48.4B
Growth
+93%9
Shopify Inc.SHOP🇨🇦
moat 72 · revenue +22%/yr · scale economics
G 73V 51O 74Cap $159.5B
MGI
73
MVI
51
MTI
38
MOI
74
Cap
$159.5B
Growth
+34%10
AppLovin CorporationAPP🇺🇸
moat 74 · revenue +17%/yr · asset light
G 72V 58O 76Cap $136.2B
MGI
72
MVI
58
MTI
60
MOI
76
Cap
$136.2B
Growth
+24%11
HEICO CorporationHEI🇺🇸
moat 74 · revenue +21%/yr · scale economics
G 72V 51O 73Cap $43.8B
MGI
72
MVI
51
MTI
28
MOI
73
Cap
$43.8B
Growth
+25%12
Zscaler, Inc.ZS🇺🇸
moat 72 · revenue +33%/yr · asset light
G 71V 64O 76Cap $22.5B
MGI
71
MVI
64
MTI
46
MOI
76
Cap
$22.5B
Growth
+25%13
ServiceTitan, Inc.TTAN🇺🇸
moat 70 · revenue +20%/yr · asset light
G 71V 66O 78Cap $6.4B
MGI
71
MVI
66
MTI
42
MOI
78
Cap
$6.4B
Growth
+25%14
Sectra ABSECT.B.SE🇸🇪
moat 82 · revenue +15%/yr · asset light
G 71V 52O 72Cap $4.9B
MGI
71
MVI
52
MTI
28
MOI
72
Cap
$4.9B
Growth
+13%15
Lotus Bakeries NVLOTB.BE🇧🇪
moat 72 · revenue +15%/yr · asset light
G 71V 48O 70Cap $8.6B
MGI
71
MVI
48
MTI
33
MOI
70
Cap
$8.6B
Growth
+10%16
Texas Pacific Land CorporationTPL🇺🇸
moat 82 · revenue +13%/yr · asset light
G 70V 45O 67Cap $30.0B
MGI
70
MVI
45
MTI
40
MOI
67
Cap
$30.0B
Growth
+21%17
Vericel CorporationVCEL🇺🇸
moat 72 · revenue +13%/yr · asset light
G 70V 55O 72Cap $2.3B
MGI
70
MVI
55
MTI
28
MOI
72
Cap
$2.3B
Growth
+30%18
Pure Cycle CorporationPCYO🇺🇸
moat 73 · revenue +18%/yr · scale economics
G 70V 59O 72Cap $257.3M
MGI
70
MVI
59
MTI
28
MOI
72
Cap
$257.3M
Growth
+60%19
Constellation Software Inc.CSU.CA🇨🇦
moat 82 · revenue +19%/yr · scale economics
G 70V 60O 75Cap $47.1B
MGI
70
MVI
60
MTI
38
MOI
75
Cap
$47.1B
Growth
+20%20
Fortinet, Inc.FTNT🇺🇸
moat 70 · revenue +16%/yr · asset light
G 69V 52O 70Cap $111.6B
MGI
69
MVI
52
MTI
44
MOI
70
Cap
$111.6B
Growth
+16%21
Adyen N.V.ADYEN.NL🇳🇱
moat 72 · revenue +28%/yr · asset light
G 69V 64O 74Cap $29.9B
MGI
69
MVI
64
MTI
45
MOI
74
Cap
$29.9B
Growth
+19%22
Arista Networks, Inc.ANET🇺🇸
moat 72 · revenue +27%/yr · asset light
G 68V 59O 73Cap $184.8B
MGI
68
MVI
59
MTI
48
MOI
73
Cap
$184.8B
Growth
+27%23
Datadog, Inc.DDOG🇺🇸
moat 72 · revenue +29%/yr · asset light
G 68V 49O 68Cap $89.7B
MGI
68
MVI
49
MTI
40
MOI
68
Cap
$89.7B
Growth
+29%24
TMX Group LimitedX.CA🇨🇦
moat 70 · revenue +13%/yr · asset light
G 68V 59O 71Cap $9.9B
MGI
68
MVI
59
MTI
38
MOI
71
Cap
$9.9B
Growth
+24%25
KANZHUN LIMITEDBZ🇨🇳
moat 78 · revenue +15%/yr · asset light
G 68V 61O 73Cap $7.0B
MGI
68
MVI
61
MTI
46
MOI
73
Cap
$7.0B
Growth
+8%26
RENK Group AGR3NK.DE🇩🇪
moat 77 · revenue +15%/yr · scale economics
G 68V 58O 72Cap $5.5B
MGI
68
MVI
58
MTI
34
MOI
72
Cap
$5.5B
Growth
+4%27
ALK-Abelló A/SALK.B.DK🇩🇰
moat 72 · revenue +11%/yr · asset light
G 68V 60O 73Cap $7.2B
MGI
68
MVI
60
MTI
31
MOI
73
Cap
$7.2B
Growth
+16%28
Cloudflare, Inc.NET🇺🇸
moat 72 · revenue +29%/yr · asset light
G 67V 46O 65Cap $83.6B
MGI
67
MVI
46
MTI
43
MOI
65
Cap
$83.6B
Growth
+34%29
Veracyte, Inc.VCYT🇺🇸
moat 71 · revenue +20%/yr · asset light
G 67V 58O 70Cap $4.4B
MGI
67
MVI
58
MTI
39
MOI
70
Cap
$4.4B
Growth
+22%30
Dollarama Inc.DOL.CA🇨🇦
moat 73 · revenue +12%/yr · scale economics
G 67V 49O 66Cap $34.7B
MGI
67
MVI
49
MTI
38
MOI
66
Cap
$34.7B
Growth
+21%31
The Descartes Systems Group Inc.DSG.CA🇨🇦
moat 72 · revenue +13%/yr · asset light
G 67V 57O 70Cap $7.3B
MGI
67
MVI
57
MTI
37
MOI
70
Cap
$7.3B
Growth
+16%32
Rolls-Royce Holdings plcRR.GB🇬🇧
moat 72 · revenue +13%/yr · scale economics
G 67V 54O 69Cap $141.5B
MGI
67
MVI
54
MTI
35
MOI
69
Cap
$141.5B
Growth
+12%33
ATOSS Software SEAOF.DE🇩🇪
moat 72 · revenue +17%/yr · asset light
G 67V 51O 67Cap $1.8B
MGI
67
MVI
51
MTI
38
MOI
67
Cap
$1.8B
Growth
+11%34
Lumine Group Inc.LMN.CA🇨🇦
moat 70 · revenue +28%/yr · scale economics
G 67V 60O 71Cap $5.0B
MGI
67
MVI
60
MTI
42
MOI
71
Cap
$5.0B
Growth
+11%35
Saab ABSAAB.B.SE🇸🇪
moat 70 · revenue +18%/yr · scale economics
G 67V 53O 68Cap $35.4B
MGI
67
MVI
53
MTI
38
MOI
68
Cap
$35.4B
Growth
-8%36
Intapp, Inc.INTA🇺🇸
moat 72 · revenue +18%/yr · asset light
G 66V 75O 75Cap $2.1B
MGI
66
MVI
75
MTI
42
MOI
75
Cap
$2.1B
Growth
+13%37
Halma plcHLMA.GB🇬🇧
moat 72 · revenue +12%/yr · asset light
G 66V 48O 66Cap $18.5B
MGI
66
MVI
48
MTI
40
MOI
66
Cap
$18.5B
Growth
+12%38
CoStar Group, Inc.CSGP🇺🇸
moat 72 · revenue +12%/yr · asset light
G 65V 61O 69Cap $14.3B
MGI
65
MVI
61
MTI
50
MOI
69
Cap
$14.3B
Growth
+23%39
Sportradar Group AGSRAD🇨🇭
moat 70 · revenue +19%/yr · asset light
G 65V 72O 78Cap $5.0B
MGI
65
MVI
72
MTI
45
MOI
78
Cap
$5.0B
Growth
+11%40
SiTime CorporationSITM🇺🇸
moat 72 · revenue +12%/yr · asset light
G 64V 34O 54Cap $15.7B
MGI
64
MVI
34
MTI
38
MOI
54
Cap
$15.7B
Growth
+88%41
Viking Holdings LtdVIK🇨🇭
moat 70 · revenue +61%/yr · scale economics
G 59V 47O 57Cap $46.0B
MGI
59
MVI
47
MTI
40
MOI
57
Cap
$46.0B
Growth
+18%42
Axon Enterprise, Inc.AXON🇺🇸
moat 77 · revenue +28%/yr · asset light
G 58V 50O 58Cap $38.3B
MGI
58
MVI
50
MTI
43
MOI
58
Cap
$38.3B
Growth
+34%
Changed this week
Week over week, from the nightly refresh.
Entered
RENK Group AG (R3NK.DE) · joined at #26 · moat 77 · revenue +15%/yr · scale economics
EnteredRolls-Royce Holdings plc (RR.GB) · joined at #32 · moat 72 · revenue +13%/yr · scale economics
EnteredViking Holdings Ltd (VIK) · joined at #41 · moat 70 · revenue +61%/yr · scale economics
EnteredDollarama Inc. (DOL.CA) · joined at #30 · moat 73 · revenue +12%/yr · scale economics
EnteredHalma plc (HLMA.GB) · joined at #37 · moat 72 · revenue +12%/yr · asset light
+4 more
APP, GDWN.GB, WSE, SAAB.B.SE also joined
Left
CDNS, WSE, RHM.DE, NOW, BKNG, CRWD, BEAN.CH
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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-07-28.