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 | IRIX | LCTC | QURT | APVO |
|---|---|---|---|---|
| Moat Score (0–100) | 31 (highest) | 31 (highest) | 31 (highest) | 30 |
| Pricing power | 67 (highest) | 65 | 28 | 47 |
| Returns on capital | 0 | 4 | 14 (highest) | 0 |
| Balance-sheet safety | 28 | 28 | 55 (highest) | 55 (highest) |
| Capital discipline | 24 | 24 | 37 (highest) | 24 |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $16.2M | $10.5M | $7.9M | $4.6M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |