The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
AWHL · Healthcare · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
ANAB · Healthcare · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
CHRS · Healthcare · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | AWHL | ANAB | CHRS | INSM |
|---|---|---|---|---|
| Moat Score (0–100) | 42 | 43 (highest) | 43 (highest) | 42 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 66 (highest) | 63 | 45 | 60 |
| Pricing power | 32 | — | 74 | 100 (highest) |
| Returns on capital | — | 5 (highest) | — | 0 |
| Balance-sheet safety | 28 | 78 (highest) | 28 | 28 |
| Capital allocation | 44 (highest) | 24 | 24 | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | Not reported | $1.4B | $120M | $20.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |