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.
CON · Healthcare · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
BDPT · 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 | CON | BDPT | TVTX | PETV |
|---|---|---|---|---|
| Moat Score (0–100) | 41 | 42 (highest) | 41 | 41 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 52 | 50 | 55 | 65 (highest) |
| Pricing power | — | 45 | 100 (highest) | 70 |
| Returns on capital | 87 (highest) | — | 0 | 0 |
| Balance-sheet safety | 7 | 28 (highest) | 28 (highest) | 28 (highest) |
| Capital discipline | 19 | 44 (highest) | 24 | 44 (highest) |
| Price vs. high estimate | 103% above high estimate | No price data | No price data | No price data |
| Market cap | $4.0B | $16812 | $5.0B | $27.6M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |