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 | ATEC | LHX | OFIX | WRBY |
|---|---|---|---|---|
| Moat Score (0–100) | 44 (highest) | 44 (highest) | 44 (highest) | 44 (highest) |
| Pricing power | 99 (highest) | 39 | 96 | 94 |
| Returns on capital | 0 | 16 (highest) | 4 | 0 |
| Balance-sheet safety | 28 | 59 (highest) | 28 | 55 |
| Capital discipline | 44 | 80 (highest) | 44 | 24 |
| Margin of safety | No price data | 99% above value | No price data | No price data |
| Market cap | $1.3B | $52.7B | $461.3M | $3.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |