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 | IART | WRBY | CRNX | SMTI |
|---|---|---|---|---|
| Moat Score (0–100) | 44 (highest) | 44 (highest) | 44 (highest) | 44 (highest) |
| Pricing power | 95 | 94 | 94 | 100 (highest) |
| Returns on capital | 9 (highest) | 0 | 0 | 4 |
| Balance-sheet safety | 28 | 55 (highest) | 55 (highest) | 19 |
| Capital discipline | 36 | 24 | 24 | 44 (highest) |
| Margin of safety | 15314% above value | No price data | No price data | No price data |
| Market cap | $1.5B | $3.3B | $8.0B | $223.7M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |