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 | TMCI | TVTX | NPCE | PCRX |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 40 (highest) |
| Pricing power | 100 (highest) | 100 (highest) | 100 (highest) | 95 |
| Returns on capital | 0 | 0 | 0 | 4 (highest) |
| Balance-sheet safety | 28 (highest) | 28 (highest) | 28 (highest) | 28 (highest) |
| Capital discipline | 24 | 24 | 24 | 25 (highest) |
| Margin of safety | No price data | No price data | No price data | 24% below value |
| Market cap | — | $5.2B | $539.9M | $1.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |