The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
HTFL · Healthcare · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
PTN · Healthcare · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | ABBV | RIGL | HTFL | PTN |
|---|---|---|---|---|
| Moat Score (0–100) | 59 | 60 (highest) | 59 | 59 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 39 | 75 (highest) | 70 | 70 |
| Pricing power | 95 | 99 (highest) | 95 | 95 |
| Returns on capital | 97 (highest) | 8 | — | — |
| Balance-sheet safety | 26 | 92 (highest) | 28 | 28 |
| Capital allocation | 38 | 24 | 45 (highest) | 44 |
| 253% above value if growth stopped today | No price data | No price data | No price data | |
| Market cap | $501.1B | $865M | $4.3B | $11.5M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |