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.
CON · 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 | TVTX | CON | MGNX | PETV |
|---|---|---|---|---|
| Moat Score (0–100) | 41 (highest) | 41 (highest) | 41 (highest) | 41 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 55 | 52 | 55 | 65 (highest) |
| Pricing power | 100 (highest) | — | 100 (highest) | 70 |
| Returns on capital | 0 | 87 (highest) | 0 | 0 |
| Balance-sheet safety | 28 (highest) | 7 | 28 (highest) | 28 (highest) |
| Capital allocation | 24 | 19 | 24 | 44 (highest) |
| No price data | 105% above value if growth stopped today | No price data | No price data | |
| Market cap | $5.2B | $4.1B | $234M | $25.8M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2026 |