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.
KNSA · Healthcare · Narrow moat
On the watchlist
BMY · Healthcare · Shallow moat
On the watchlist
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 | PGNY | KNSA | PTCT | BMY |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 60 (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 | 69 | 75 (highest) | 75 (highest) | 57 |
| Pricing power | 30 | 96 | 100 (highest) | 98 |
| Returns on capital | 58 (highest) | 4 | 0 | — |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 33 |
| Capital allocation | 42 | 24 | 24 | 50 (highest) |
| 300% above value if growth stopped today | 2641% above value if growth stopped today | No price data | 27% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $2.6B | $5.0B | $6.3B | $126.4B |
| Moat tier | Shallow moat | Narrow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |