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.

SMTI · Healthcare · Shallow moat

44/ 100
Shallow moat

Doesn't clear the bar

CRNX · Healthcare · Shallow moat

44/ 100
Shallow moat

Doesn't clear the bar

IART · Healthcare · Shallow moat

44/ 100
Shallow moat

Doesn't clear the bar

SGHT · Healthcare · Shallow moat

44/ 100
Shallow moat

Doesn't clear the bar

MeasureSMTICRNXIARTSGHT
Moat Score (0–100)44 (highest)44 (highest)44 (highest)44 (highest)
Pricing power100 (highest)949593
Returns on capital409 (highest)0
Balance-sheet safety1955 (highest)2855 (highest)
Capital discipline44 (highest)243624
Margin of safetyNo price dataNo price data15314% above valueNo price data
Market cap$223.7M$8.0B$1.5B$269.1M
Moat tierShallow moatShallow moatShallow moatShallow moat
Filings as ofFY2025FY2025FY2025FY2025