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.

URGN · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

EMMA · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

PRGO · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

LCTC · Healthcare · No moat

31/ 100
No moat

Doesn't clear the bar

MeasureURGNEMMAPRGOLCTC
Moat Score (0–100)31 (highest)31 (highest)31 (highest)31 (highest)
Pricing power7089 (highest)6065
Returns on capital0004 (highest)
Balance-sheet safety28 (highest)028 (highest)28 (highest)
Capital discipline242440 (highest)24
Margin of safetyNo price dataNo price data46% above valueNo price data
Market cap$1.9B$800146$1.5B$10.5M
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025
URGN vs EMMA vs PRGO vs LCTC — Moat Score Comparison · Buy Like Buffett