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.
SPRO · Healthcare · Shallow moat
Doesn't clear the bar
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%.
PNTG · Healthcare · Shallow moat
Doesn't clear the bar
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 | MMM | SPRO | PNTG | CSBR |
|---|---|---|---|---|
| Moat Score (0–100) | 56 (highest) | 56 (highest) | 56 (highest) | 56 (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 | 20 | 65 | 100 (highest) | 40 |
| Pricing power | 72 | — | — | 76 (highest) |
| Returns on capital | 97 (highest) | 14 | 28 | 83 |
| Balance-sheet safety | 45 | 100 (highest) | 35 | 55 |
| Capital allocation | 45 | 44 | 60 (highest) | 24 |
| 80% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 851% above value if growth stopped today | No price data | |
| Market cap | $87.2B | $63.2M | $1.4B | $66.8M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |