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 | BCRX | DHR | MIND | ATRC |
|---|---|---|---|---|
| Moat Score (0–100) | 47 (highest) | 47 (highest) | 47 (highest) | 47 (highest) |
| Pricing power | 100 (highest) | 95 | 44 | 100 (highest) |
| Returns on capital | 0 | 10 (highest) | 4 | 4 |
| Balance-sheet safety | 61 | 54 | 100 (highest) | 55 |
| Capital discipline | 24 | 25 | 64 (highest) | 24 |
| Margin of safety | No price data | 134% above value (highest margin of safety) | 341% above value | No price data |
| Market cap | $2.0B | $144.1B | $47.0M | $1.7B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |