Does CORMEDIX INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores CORMEDIX INC. (CRMD) 27.9 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 11, returns on capital 4, balance-sheet safety 73, capital discipline 44.

How has CRMD's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 27.9 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

CORMEDIX INC.

CRMD · Healthcare · $667.4M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power11

Median gross margin 22.0% over 9y, variable.

Returns on capital4

Median ROIC -201.9%, above the 9% hurdle in 13% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 54x.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $8.42
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for CRMD yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale27.9 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — CRMD has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Healthcare context

#360 of 440 scored Healthcare companies, ranked by Moat Score.

Nearest peers by Moat Score

#358HURC HURCO COMPANIES, INC.28.4 out of 100, No moatNo moat
#359IMDX Insight Molecular Diagnostics Inc.28.4 out of 100, No moatNo moat
#361RXST RxSIGHT, INC.27.5 out of 100, No moatNo moat
#362GEOS GEOSPACE TECHNOLOGIES CORP27.3 out of 100, No moatNo moat

Compare CRMD with its nearest peers →All Healthcare companies on the Index →

Common questions about CRMD

Does CORMEDIX INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores CORMEDIX INC. (CRMD) 27.9 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 11, returns on capital 4, balance-sheet safety 73, capital discipline 44.
How has CRMD's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 27.9 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows CRMD’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/CRMD"
  width="340" height="150" style="border:0"
  title="CRMD Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CRMD. See the disclaimer.