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.
HCSG · 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%.
PTN · 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 | HCSG | AKBA | ECOR | PTN |
|---|---|---|---|---|
| Moat Score (0–100) | 47 (highest) | 47 (highest) | 47 (highest) | 47 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 45 | 20 | 65 (highest) | 20 |
| Pricing power | 24 | 70 | 70 | 95 (highest) |
| Returns on capital | — | 0 (highest) | 0 (highest) | — |
| Balance-sheet safety | 78 | 100 (highest) | 55 | 28 |
| Capital discipline | 41 | 44 (highest) | 44 (highest) | 44 (highest) |
| Price vs. high estimate | 227% above high estimate | No price data | No price data | No price data |
| Market cap | $1.7B | $339.7M | $48.6M | $7.9M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |