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.
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%.
HTFL · 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 | RIGL | PGNY | BMY | HTFL |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 59 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 75 (highest) | 69 | 57 | 70 |
| Pricing power | 99 (highest) | 30 | 98 | 95 |
| Returns on capital | 8 | 58 (highest) | — | — |
| Balance-sheet safety | 92 | 100 (highest) | 33 | 28 |
| Capital allocation | 24 | 42 | 50 (highest) | 45 |
| No price data | 300% above value if growth stopped today | 27% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $673M | $2.6B | $126.4B | $2.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |