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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

IRWD · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

APT · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

JRSS · Healthcare · Shallow moat

Shallow moat

On the watchlist

ZEOX · Healthcare · Shallow moat

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%.

MeasureIRWDAPTJRSSZEOX
Moat Score (0–100)55 (highest)55 (highest)55 (highest)55 (highest)
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend202330 (highest)27
Pricing power99 (highest)577070
Returns on capital913396 (highest)—
Balance-sheet safety30100 (highest)5578
Capital allocation3362 (highest)2444
121% above value if growth stopped today33% above value if growth stopped today89% below value if growth stopped today (largest discount to value if growth stopped today)No price data
Market cap$615M$58M$1.1M$7.7M
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2025FY2023FY2026