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 | ARAY | AVAH | VANI | NMTC |
|---|---|---|---|---|
| Moat Score (0–100) | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Pricing power | 60 (highest) | 55 | 27 | 13 |
| Returns on capital | 4 | 10 (highest) | 0 | 0 |
| Balance-sheet safety | 0 | 0 | 55 (highest) | 55 (highest) |
| Capital discipline | 24 | 24 | 24 | 44 (highest) |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $29.2M | $2.0B | $100.9M | $117.0M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |