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.
SEPN · Healthcare · No moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | SEPN | ISCO | AVTX | RSCF |
|---|---|---|---|---|
| Moat Score (0–100) | 39 (highest) | 39 (highest) | 39 (highest) | 39 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 (highest) | 52 | 20 | 13 |
| Pricing power | — | 92 | 70 | 94 (highest) |
| Returns on capital | 0 | 0 | 7 | 9 (highest) |
| Balance-sheet safety | 55 (highest) | 28 | 55 (highest) | 55 (highest) |
| Capital allocation | 42 | 24 | 44 (highest) | 24 |
| No price data | No price data | No price data | 245% above value if growth stopped today | |
| Market cap | $1.5B | $2.5M | $341M | $3.4M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2023 |