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 | ATRC | MIND | BCRX | CSTL |
|---|---|---|---|---|
| Moat Score (0–100) | 47 (highest) | 47 (highest) | 47 (highest) | 47 (highest) |
| Pricing power | 100 (highest) | 44 | 100 (highest) | 99 |
| Returns on capital | 4 | 4 | 0 | 5 (highest) |
| Balance-sheet safety | 55 | 100 (highest) | 61 | 55 |
| Capital discipline | 24 | 64 (highest) | 24 | 24 |
| Margin of safety | No price data | 341% above value | No price data | No price data |
| Market cap | $1.7B | $47.0M | $2.0B | $717.2M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |