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.
PHAT · 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 | BRKR | PHAT | XFOR | DHR |
|---|---|---|---|---|
| Moat Score (0–100) | 51 | 52 (highest) | 51 | 51 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 58 | 60 | 70 (highest) | 35 |
| Pricing power | 80 | 95 (highest) | 88 | 95 (highest) |
| Returns on capital | 84 (highest) | — | 0 | 7 |
| Balance-sheet safety | 0 | 28 | 55 | 68 (highest) |
| Capital allocation | 34 | 24 | 44 | 52 (highest) |
| 199% above value if growth stopped today | No price data | No price data | 120% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $9.2B | $817M | $350M | $135.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |