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 | APYX | AXGN | DERM | ARQT |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 39 |
| Pricing power | 97 | 98 (highest) | 91 | 97 |
| Returns on capital | 0 | 0 | 7 (highest) | 0 |
| Balance-sheet safety | 28 (highest) | 28 (highest) | 28 (highest) | 28 (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 | $178.8M | $1.9B | $175.4M | $3.5B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |