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.

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

SCLX · Healthcare · Shallow moat

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%.

LEXX · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

TDOC · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

VRCA · Healthcare · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureSCLXLEXXTDOCVRCA
Moat Score (0–100)46 (highest)46 (highest)46 (highest)46 (highest)
Methodology versionmoat-index@2.0.0moat-index@2.0.0moat-index@2.0.0moat-index@2.0.0
Business trend4060 (highest)60 (highest)50
Pricing power707098 (highest)79
Returns on capital0 (highest)0 (highest)0 (highest)
Balance-sheet safety2855 (highest)2855 (highest)
Capital discipline45 (highest)444444
Price vs. high estimateNo price dataNo price dataNo price dataNo price data
Market cap$53.7M$11.7M$1.7B$94.3M
Moat tierShallow moatShallow moatShallow moatShallow moat
Filings as ofFY2025FY2025FY2025FY2025