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.
| Measure | BHC | ATRC | NTLA | NVST |
|---|---|---|---|---|
| Moat Score (0–100) | 47 | 48 (highest) | 48 (highest) | 47 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 70 (highest) | 60 | 60 | 39 |
| Pricing power | 100 (highest) | 100 (highest) | 100 (highest) | 94 |
| Returns on capital | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Balance-sheet safety | 0 | 55 | 55 | 90 (highest) |
| Capital allocation | 67 (highest) | 24 | 24 | 14 |
| 83% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | 230% above value if growth stopped today | |
| Market cap | $1.6B | $1.7B | $1.2B | $4.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |