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.

SSKN · Healthcare · Shallow moat

43/ 100
Shallow moat

Doesn't clear the bar

PYXS · Healthcare · Shallow moat

43/ 100
Shallow moat

Doesn't clear the bar

NKTR · Healthcare · Shallow moat

43/ 100
Shallow moat

Doesn't clear the bar

AVTX · Healthcare · Shallow moat

43/ 100
Shallow moat

Doesn't clear the bar

MeasureSSKNPYXSNKTRAVTX
Moat Score (0–100)43 (highest)43 (highest)43 (highest)43 (highest)
Pricing power96 (highest)918770
Returns on capital0047 (highest)
Balance-sheet safety2855 (highest)55 (highest)55 (highest)
Capital discipline44 (highest)242444 (highest)
Margin of safetyNo price dataNo price dataNo price dataNo price data
Market cap$529938$147.9M$1.4B$358.6M
Moat tierShallow moatShallow moatShallow moatShallow moat
Filings as ofFY2025FY2025FY2025FY2025
SSKN vs PYXS vs NKTR vs AVTX — Moat Score Comparison · Buy Like Buffett