The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

ADMA · Healthcare · No moat

34/ 100
No moat

Doesn't clear the bar

MLAB · Healthcare · No moat

34/ 100
No moat

Doesn't clear the bar

AMRN · Healthcare · No moat

34/ 100
No moat

Doesn't clear the bar

VREOF · Healthcare · No moat

34/ 100
No moat

Doesn't clear the bar

MeasureADMAMLABAMRNVREOF
Moat Score (0–100)34 (highest)34 (highest)34 (highest)34 (highest)
Pricing power098 (highest)8061
Returns on capital18 (highest)000
Balance-sheet safety100 (highest)252855
Capital discipline44 (highest)02424
Margin of safetyNo price data1307% above valueNo price dataNo price data
Market cap$2.1B$541.1M$5.8B$7.2B
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2026FY2025FY2025
ADMA vs MLAB vs AMRN vs VREOF — Moat Score Comparison · Buy Like Buffett