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.
SMMT · Healthcare · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | INNV | SMMT | VERU | NAII |
|---|---|---|---|---|
| Moat Score (0–100) | 37 (highest) | 37 (highest) | 37 (highest) | 37 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 55 (highest) | 20 | 10 | 15 |
| Pricing power | 25 | — | 76 (highest) | 3 |
| Returns on capital | 6 | 7 | 0 | 47 (highest) |
| Balance-sheet safety | 55 | 78 (highest) | 55 | 55 |
| Capital allocation | 44 | 44 | 44 | 64 (highest) |
| No price data | No price data | No price data | 47% below value if growth stopped today | |
| Market cap | $1.6B | $10.6B | $33M | $14.8M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |