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.
SPRO · Healthcare · Shallow 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 | SPRO | ALKS | JRSS | MMSI |
|---|---|---|---|---|
| Moat Score (0–100) | 56 (highest) | 56 (highest) | 56 (highest) | 56 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 65 | 69 | 34 | 88 (highest) |
| Pricing power | — | 100 (highest) | 70 | 75 |
| Returns on capital | 14 | 11 | 96 (highest) | 0 |
| Balance-sheet safety | 100 (highest) | 73 | 55 | 55 |
| Capital discipline | 44 | 27 | 24 | 60 (highest) |
| Price vs. high estimate | No price data | 219% above high estimate | 85% below high estimate (largest discount to high estimate) | 168% above high estimate |
| Market cap | $81.2M | $8.6B | $1.5M | $4.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2023 | FY2025 |