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 | AXGN | IRTC | MRNA | DERM |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 40 (highest) |
| Pricing power | 98 (highest) | 98 (highest) | 70 | 91 |
| Returns on capital | 0 | 0 | 10 (highest) | 7 |
| Balance-sheet safety | 28 | 28 | 55 (highest) | 28 |
| Capital discipline | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $1.9B | $3.6B | $24.4B | $175.4M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |