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.
| Measure | FLGT | MRMD | SGRY | CNMD |
|---|---|---|---|---|
| Moat Score (0–100) | 33 (highest) | 33 (highest) | 33 (highest) | 33 (highest) |
| Pricing power | 66 | 66 | 33 | 92 (highest) |
| Returns on capital | 11 | 16 (highest) | 8 | 0 |
| Balance-sheet safety | 28 | 0 | 40 (highest) | 3 |
| Capital discipline | 24 | 44 | 65 (highest) | 24 |
| Margin of safety | No price data | No price data | No price data | 164% above value |
| Market cap | $626.6M | $26.1M | $2.1B | $1.3B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |