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.
KNSA · Healthcare · Narrow moat
On the watchlist
NHC · Healthcare · Narrow moat
On the watchlist
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 | KNSA | NHC | VCYT | PTCT |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 60 (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 | 75 | 67 | 80 (highest) | 75 |
| Pricing power | 96 | — | 96 | 100 (highest) |
| Returns on capital | 4 (highest) | 3 | 0 | 0 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 24 | 71 (highest) | 24 | 24 |
| 2641% above value if growth stopped today | 171% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | |
| Market cap | $5.0B | $3.5B | $4.5B | $6.3B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |