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.
| Measure | LMAT | DXCM | GMED | VMD |
|---|---|---|---|---|
| Moat Score (0–100) | 78 (highest) | 78 (highest) | 78 (highest) | 78 (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 | 95 | 100 (highest) | 90 | 95 |
| Pricing power | 99 (highest) | 98 | 94 | 93 |
| Returns on capital | 62 | 96 (highest) | 34 | 42 |
| Balance-sheet safety | 55 | 73 | 100 (highest) | 100 (highest) |
| Capital discipline | 78 (highest) | 24 | 72 | 58 |
| Price vs. high estimate | 265% above high estimate | 182% above high estimate (largest discount to high estimate) | No price data | 293% above high estimate |
| Market cap | $2.2B | $27.5B | Not reported | $447M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |