MongoDB, Inc. MDB

Competitive advantage analysis · technology

Software & SaaS Specialized
Overall moat score
62/100
Moderate

About MongoDB, Inc.

MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to … Full MDB analysis →

Competitive advantage assessment

Key strengths

  • Revenue Converts Cleanly to Cash Cash conversion is strong (score 0.74), showing scalable economics.
  • FCF Margin Is Improving FCF trend is favorable (score 0.67), indicating improving cash scalability.

Key risks

  • Returns Trail Peers Return profile is weak (score 0.40), pointing to limited capital efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Moderate
54

Where MDB ranks in Software - Infrastructure

MongoDB, Inc. ranks #41 of 176 scored companies in Software - Infrastructure by moat score — the top 23%. The widest moat in the group is Palantir Technologies Inc. (PLTR) at 78/100.

Moat scores for companies ranked near MDB in Software - Infrastructure
# Company Moat score Rating
37 VeriSign, Inc. VRSN 62/100 Moderate
38 OneSpan Inc. OSPN 62/100 Moderate
39 Dropbox, Inc. DBX 62/100 Moderate
40 Informatica Inc. INFA 62/100 Moderate
41 MongoDB, Inc. MDB 62/100 Moderate
42 ODDITY Tech Ltd. ODD 61/100 Moderate
43 CyberArk Software Ltd. CYBR 61/100 Moderate
44 PagSeguro Digital Ltd. PAGS 61/100 Moderate
45 Cloudflare, Inc. NET 61/100 Moderate

See every Software & SaaS company ranked by moat score →

How MDB scores on the Software & SaaS Specialized defenses

Pricing Power

Score 54 · 20% of the moat score

In software, pricing power is visible in gross margin: a vendor that has to discount in order to renew gives it up first.

Recurring Revenue Stickiness

Score 68 · 18% of the moat score

Recurring revenue is the model's central claim, and it is a moat only when customers renew and expand without being re-sold each year.

Innovation Engine

Score 59 · 16% of the moat score

Software is competed away rather than depreciated, so a vendor that stops investing loses its category.

Cash Scalability

Score 71 · 18% of the moat score

The test of a software business is whether growth eventually stops consuming cash.

Capital Efficiency

Score 52 · 16% of the moat score

A software platform employs very little capital, so a genuine franchise should produce high returns on it without leverage.

Balance Sheet Resilience

Score 64 · 12% of the moat score

Software companies fund years of customer acquisition before those customers pay back, which makes access to capital a strategic variable rather than a treasury detail.

How each Software & SaaS Specialized defense is measured, in full →

Understanding MDB's moat

What is MongoDB, Inc.'s moat score?

MongoDB, Inc. (MDB) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #41 of 176 scored companies in Software - Infrastructure, the top 23%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 175 companies in Software - Infrastructure. Its strongest defense is Cash Scalability (71/100) and its weakest is Capital Efficiency (52/100).

How does MongoDB, Inc. compare with other Software - Infrastructure companies?

MongoDB, Inc. ranks #41 of 176 scored companies in Software - Infrastructure by moat score. The widest moat in Software - Infrastructure is Palantir Technologies Inc. (PLTR) at 78/100. The companies ranked closest are Informatica Inc. (INFA) at 62 just above it and ODDITY Tech Ltd. (ODD) at 61 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Software & SaaS Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 175 companies in Software - Infrastructure. The defenses are then weighted to produce the overall score out of 100.

Why is MongoDB, Inc. scored with the Software & SaaS Specialized template?

Software costs almost nothing to reproduce, so the entire economic question is whether customers keep paying. Revenue is a subscription rather than a sale, the cost of winning a customer is paid years before that customer becomes profitable, and margins arrive only if renewals hold. The Software & SaaS template scores retention, reinvestment, and the point at which growth turns into cash.

Which competitive defenses are measured for MongoDB, Inc.?

The Software & SaaS Specialized template measures 6 defenses, and MDB scores: Pricing Power (54), Recurring Revenue Stickiness (68), Innovation Engine (59), Cash Scalability (71), Capital Efficiency (52), Balance Sheet Resilience (64). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000