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.
| Measure | VCEL | HAE | DGX | PLX |
|---|---|---|---|---|
| Moat Score (0–100) | 52 (highest) | 52 (highest) | 52 (highest) | 52 (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 | 80 | 90 (highest) | 31 | 52 |
| Pricing power | 89 (highest) | 76 | 56 | 67 |
| Returns on capital | 0 | 10 | 30 | 41 (highest) |
| Balance-sheet safety | 66 (highest) | 20 | 66 (highest) | 55 |
| Capital allocation | 24 | 64 | 77 (highest) | 44 |
| No price data | 180% above value if growth stopped today | 141% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $2.1B | $5.5B | $26.3B | $217M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |