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.
SBC · Healthcare · Wide moat
Wonderful & reasonably priced
| Measure | SBC | INVA | UTMD | TER |
|---|---|---|---|---|
| Moat Score (0–100) | 91 | 94 (highest) | 93 | 91 |
| Pricing power | 100 (highest) | 98 | 100 (highest) | 97 |
| Returns on capital | 100 (highest) | 100 (highest) | 100 (highest) | 97 |
| Balance-sheet safety | 100 (highest) | 75 | 100 (highest) | 100 (highest) |
| Capital discipline | 56 | 100 (highest) | 66 | 64 |
| Margin of safety | 63% below value (highest margin of safety) | 34% below value | 41% above value | 717% above value |
| Market cap | $315.9M | $1.6B | $222.4M | $50.3B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |