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 | FZMD | RGR | FLS | NHTC |
|---|---|---|---|---|
| Moat Score (0–100) | 49 | 50 (highest) | 49 | 49 |
| Pricing power | 79 | 27 | 51 | 99 (highest) |
| Returns on capital | 14 | 93 (highest) | 35 | 0 |
| Balance-sheet safety | 28 | 28 | 40 | 55 (highest) |
| Capital discipline | 80 (highest) | 40 | 77 | 44 |
| Margin of safety | No price data | Around fair value (highest margin of safety) | 138% above value | No price data |
| Market cap | $2.1M | $603.5M | $8.7B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2022 | FY2025 | FY2025 | FY2025 |