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 | ARDX | APYX | ARQT | LH |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 40 (highest) | 39 | 39 |
| Pricing power | 96 | 97 (highest) | 97 (highest) | 43 |
| Returns on capital | 0 | 0 | 0 | 23 (highest) |
| Balance-sheet safety | 28 | 28 | 28 | 32 (highest) |
| Capital discipline | 24 | 24 | 24 | 65 (highest) |
| Margin of safety | No price data | No price data | No price data | 87% above value |
| Market cap | $1.3B | $178.8M | $3.5B | $23.3B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |