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.

LNTH · Healthcare · Narrow moat

Narrow moat

On the watchlist

VYCO · Healthcare · Narrow moat

Narrow moat

On the watchlist

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%.

SIGA · Healthcare · Narrow moat

Narrow moat

Wonderful & reasonably priced

NBIX · Healthcare · Narrow moat

Narrow moat

On the watchlist

MeasureLNTHVYCOSIGANBIX
Moat Score (0–100)7374 (highest)7373
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend757015100 (highest)
Pricing power72100 (highest)91100 (highest)
Returns on capital90—96 (highest)39
Balance-sheet safety82100 (highest)100 (highest)100 (highest)
Capital allocation462463 (highest)24
149% above value if growth stopped todayNo price data66% below value if growth stopped today (largest discount to value if growth stopped today)390% above value if growth stopped today
Market cap$6.5B$2.2M$222M$13.6B
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filing dateFY2025FY2025FY2025FY2025