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.
| Measure | ADPT | EOLS | AMPH | SCND |
|---|---|---|---|---|
| Moat Score (0–100) | 38 (highest) | 38 (highest) | 38 (highest) | 37 |
| Pricing power | 91 | 92 (highest) | 62 | 55 |
| Returns on capital | 0 | 0 | 19 (highest) | 4 |
| Balance-sheet safety | 28 | 28 | 20 | 55 (highest) |
| Capital discipline | 24 | 24 | 47 (highest) | 44 |
| Margin of safety | No price data | No price data | 16% below value | No price data |
| Market cap | $3.5B | $372.5M | $901.3M | $8.0M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |