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.
ADCT · Healthcare · Shallow moat
Doesn't clear the bar
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%.
| Measure | ORGO | NEPH | SUPN | ADCT |
|---|---|---|---|---|
| Moat Score (0–100) | 55 | 56 (highest) | 55 | 55 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 45 | 85 (highest) | 46 | 42 |
| Pricing power | 96 | 92 | 98 | 100 (highest) |
| Returns on capital | 12 | 4 | 78 (highest) | — |
| Balance-sheet safety | 100 (highest) | 73 | 55 | 55 |
| Capital allocation | 24 (highest) | 24 (highest) | 0 | 24 (highest) |
| 76% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 179% above value if growth stopped today | No price data | |
| Market cap | $303M | $38.7M | $2.7B | $145M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |