Top 50 ranked by Buffett-Fit
Sorted by composite quality score - ROIC, margin stability, balance-sheet strength, growth quality. Click any ticker for the full Buffett verdict.
Cloud platforms, databases, security, DevOps tooling. Stickier than application software once embedded - switching out an infrastructure layer is months of engineering work.
Industry leader
Fortinet, Inc. FTNT
Buffett-Fit: 83/100
Sorted by composite quality score - ROIC, margin stability, balance-sheet strength, growth quality. Click any ticker for the full Buffett verdict.
See all industries + sector-level statistics + framework filters.
Educational framework analysis only. Not investment advice, not a recommendation, not personalized to your situation. Always do your own research.
Infrastructure Software has the strongest switching-cost moat in tech - once a database or cloud platform is embedded, ripping it out costs months of engineering and operational risk. ROIC above 30% is achievable here because incremental dollars of revenue come at near-zero marginal cost. Watch capex/revenue: heavy investment in datacenter buildout compresses near-term FCF but compounds the moat.
