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 | ANGO | IONS | XGN | MLSS |
|---|---|---|---|---|
| Moat Score (0–100) | 43 (highest) | 43 (highest) | 43 (highest) | 42 |
| Pricing power | 89 | 100 (highest) | 89 | 89 |
| Returns on capital | 0 | 8 (highest) | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 28 | 55 (highest) | 55 (highest) |
| Capital discipline | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $563.4M | $8.9B | $100.6M | $34.0M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |