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.
ETST · Healthcare · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
COHR · Healthcare · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | PAHC | ETST | RYTM | COHR |
|---|---|---|---|---|
| Moat Score (0–100) | 46 (highest) | 46 (highest) | 46 (highest) | 46 (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 | 59 | 85 (highest) | 60 | 55 |
| Pricing power | 56 | 41 | 98 (highest) | 59 |
| Returns on capital | 62 (highest) | 34 | 0 | 15 |
| Balance-sheet safety | 30 (highest) | — | 28 | — |
| Capital allocation | 22 | 24 | 44 | 55 (highest) |
| No price data | Around the value if growth stopped today (largest discount to value if growth stopped today) | No price data | 840% above value if growth stopped today | |
| Market cap | Not reported | $35M | $6.9B | $44.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |