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.
PNTG · Healthcare · Shallow moat
Doesn't clear the bar
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%.
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%.
SPRO · Healthcare · Shallow moat
Doesn't clear the bar
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 | PNTG | COHR | SPRO | MMM |
|---|---|---|---|---|
| Moat Score (0–100) | 56 (highest) | 56 (highest) | 56 (highest) | 56 (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 | 100 (highest) | 90 | 65 | 20 |
| Pricing power | — | 58 | — | 72 (highest) |
| Returns on capital | 28 | 15 | 14 | 97 (highest) |
| Balance-sheet safety | 35 | — | 100 (highest) | 45 |
| Capital allocation | 60 (highest) | 60 (highest) | 44 | 45 |
| 875% above value if growth stopped today | 1649% above value if growth stopped today | No price data | 81% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $1.4B | $45.6B | $62.1M | $87.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |