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 | IRTC | NAII | CFOR | MRNA |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 40 (highest) |
| Pricing power | 98 (highest) | 3 | 49 | 70 |
| Returns on capital | 0 | 50 (highest) | 6 | 10 |
| Balance-sheet safety | 28 | 55 | 73 (highest) | 55 |
| Capital discipline | 24 | 64 (highest) | 44 | 24 |
| Margin of safety | No price data | 51% below value | No price data | No price data |
| Market cap | $3.6B | $13.7M | $203.0M | $24.4B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |