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.
PHAT · 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 | PHAT | LITS | WRBY | XFOR |
|---|---|---|---|---|
| Moat Score (0–100) | 52 (highest) | 52 (highest) | 52 (highest) | 51 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 | 85 (highest) | 85 (highest) | 70 |
| Pricing power | 95 (highest) | 70 | 94 | 88 |
| Returns on capital | — | 4 (highest) | 0 | 0 |
| Balance-sheet safety | 28 | 55 (highest) | 55 (highest) | 55 (highest) |
| Capital allocation | 24 | 44 (highest) | 24 | 44 (highest) |
| No price data | No price data | No price data | No price data | |
| Market cap | $817M | $6.6M | $3.1B | $350M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |