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.
ADCT · 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 | ADCT | SUPN | ORGO | BMRN |
|---|---|---|---|---|
| Moat Score (0–100) | 55 (highest) | 55 (highest) | 55 (highest) | 55 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 42 | 46 | 45 | 80 (highest) |
| Pricing power | 100 (highest) | 98 | 96 | 99 |
| Returns on capital | — | 78 (highest) | 12 | 0 |
| Balance-sheet safety | 55 | 55 | 100 (highest) | 73 |
| Capital allocation | 24 (highest) | 0 | 24 (highest) | 24 (highest) |
| No price data | 179% above value if growth stopped today | 76% above value if growth stopped today (largest discount to value if growth stopped today) | 486% above value if growth stopped today | |
| Market cap | $145M | $2.7B | $303M | $11.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |