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.
BTCY · 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 | BTCY | ALKS | MYO | HAE |
|---|---|---|---|---|
| Moat Score (0–100) | 52 (highest) | 52 (highest) | 52 (highest) | 52 (highest) |
| 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 | 52 | 65 | 90 (highest) |
| Pricing power | 67 | 100 (highest) | 97 | 76 |
| Returns on capital | — | 11 (highest) | 0 | 10 |
| Balance-sheet safety | 28 | 73 (highest) | 55 | 20 |
| Capital allocation | 44 | 27 | 44 | 64 (highest) |
| No price data | 226% above value if growth stopped today | No price data | 82% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $3.3M | $8.8B | $37.3M | $3.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2026 |