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.

QURT · 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

LCTC · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

IRIX · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

MeasureQURTURGNLCTCIRIX
Moat Score (0–100)31 (highest)31 (highest)31 (highest)31 (highest)
Pricing power2870 (highest)6567
Returns on capital14 (highest)040
Balance-sheet safety55 (highest)282828
Capital discipline37 (highest)242424
Margin of safetyNo price dataNo price dataNo price dataNo price data
Market cap$7.9M$1.9B$10.5M$16.2M
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025