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.
| Measure | TELA | RGNX | TNDM | STEX |
|---|---|---|---|---|
| Moat Score (0–100) | 36 (highest) | 36 (highest) | 36 (highest) | 36 (highest) |
| Pricing power | 85 (highest) | 79 | 72 | 71 |
| Returns on capital | 0 | 7 (highest) | 0 | 0 |
| Balance-sheet safety | 28 (highest) | 28 (highest) | 28 (highest) | 28 (highest) |
| Capital discipline | 24 | 24 | 44 (highest) | 44 (highest) |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $32.6M | $503.3M | $1.2B | $39.0M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |