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.

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

ADMA · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

MMED · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

SGHT · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

SDGR · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureADMAMMEDSGHTSDGR
Moat Score (0–100)4849 (highest)4848
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend80 (highest)507060
Pricing power094 (highest)9388
Returns on capital18 (highest)000
Balance-sheet safety100 (highest)555555
Capital allocation44 (highest)44 (highest)2438
No price dataNo price dataNo price dataNo price data
Market cap$2.0B$4.7B$263MNot reported
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2026FY2025FY2025