The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

ESMC · Healthcare · Shallow moat

43/ 100
Shallow moat

Doesn't clear the bar

AVTX · Healthcare · Shallow moat

43/ 100
Shallow moat

Doesn't clear the bar

KEQU · Healthcare · Shallow moat

43/ 100
Shallow moat

Doesn't clear the bar

VERU · Healthcare · Shallow moat

43/ 100
Shallow moat

Doesn't clear the bar

MeasureESMCAVTXKEQUVERU
Moat Score (0–100)43 (highest)43 (highest)43 (highest)43 (highest)
Pricing power7570976 (highest)
Returns on capital11751 (highest)0
Balance-sheet safety3755 (highest)55 (highest)55 (highest)
Capital discipline474469 (highest)44
Margin of safety101% above valueNo price data18% below value (highest margin of safety)No price data
Market cap$1.5M$358.6M$109.2M$34.9M
Moat tierShallow moatShallow moatShallow moatShallow moat
Filings as ofFY2025FY2025FY2026FY2025