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 | VANI | KYMR | AVAH | ARAY |
|---|---|---|---|---|
| Moat Score (0–100) | 24 | 25 (highest) | 24 | 24 |
| Pricing power | 27 | 30 | 55 | 60 (highest) |
| Returns on capital | 0 | 0 | 10 (highest) | 4 |
| Balance-sheet safety | 55 (highest) | 55 (highest) | 0 | 0 |
| Capital discipline | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $100.9M | $9.4B | $2.0B | $29.2M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |