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 | DGX | BTCY | HAE | VCEL |
|---|---|---|---|---|
| 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 | 31 | 70 | 90 (highest) | 80 |
| Pricing power | 56 | 67 | 76 | 89 (highest) |
| Returns on capital | 30 (highest) | — | 10 | 0 |
| Balance-sheet safety | 66 (highest) | 28 | 20 | 66 (highest) |
| Capital allocation | 77 (highest) | 44 | 64 | 24 |
| 141% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 180% above value if growth stopped today | No price data | |
| Market cap | $26.3B | $1.5M | $5.5B | $2.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2026 | FY2025 |