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.
NHC · Healthcare · Narrow moat
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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 | NHC | ACAD | BVS | VCYT |
|---|---|---|---|---|
| Moat Score (0–100) | 60 | 61 (highest) | 61 (highest) | 60 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 67 | 80 (highest) | 74 | 80 (highest) |
| Pricing power | — | 98 (highest) | 97 | 96 |
| Returns on capital | 3 | 4 | 7 (highest) | 0 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 67 | 100 (highest) |
| Capital allocation | 71 (highest) | 24 | 58 | 24 |
| 171% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 489% above value if growth stopped today | No price data | |
| Market cap | $3.5B | $4.2B | $813M | $4.5B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |