The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

PRGO · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

AMRX · Healthcare · No moat

32/ 100
No moat

Doesn't clear the bar

EMMA · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

URGN · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

MeasurePRGOAMRXEMMAURGN
Moat Score (0–100)3132 (highest)3131
Pricing power603789 (highest)70
Returns on capital012 (highest)00
Balance-sheet safety2840 (highest)028
Capital discipline4044 (highest)2424
Margin of safety46% above valueNo price dataNo price dataNo price data
Market cap$1.5B$800146$1.9B
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025