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.

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

MDNC · Healthcare · Narrow moat

71/ 100
Narrow moat

On the watchlist

AATC · Healthcare · Narrow moat

71/ 100
Narrow moat

On the watchlist

AMGN · Healthcare · Narrow moat

71/ 100
Narrow moat

On the watchlist

FTLF · Healthcare · Narrow moat

71/ 100
Narrow moat

On the watchlist

MeasureMDNCAATCAMGNFTLF
Moat Score (0–100)71 (highest)71 (highest)71 (highest)71 (highest)
Pricing power8497 (highest)9362
Returns on capital100 (highest)559096
Balance-sheet safety54100 (highest)1436
Capital discipline24276580 (highest)
Margin of safetyNo price data58% above value21% above value7% above value (highest margin of safety)
Market cap$29.2M$197.4B$103.9M
Moat tierNarrow moatNarrow moatNarrow moatNarrow moat
Filings as ofFY2026FY2021FY2025FY2025