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.
DNLI · Healthcare · No 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 | MRNA | HROW | QUCY | DNLI |
|---|---|---|---|---|
| Moat Score (0–100) | 35 (highest) | 35 (highest) | 35 (highest) | 35 (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 | 15 | 63 (highest) | 20 | 60 |
| Pricing power | 70 | 87 | 94 (highest) | — |
| Returns on capital | 10 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 0 | 28 | 55 (highest) |
| Capital allocation | 24 | 24 | 33 (highest) | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $21.3B | $1.4B | $10.6M | $3.6B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |