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.
NHC · Healthcare · Narrow moat
On the watchlist
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%.
KNSA · Healthcare · Narrow moat
On the watchlist
| Measure | VCYT | BVS | NHC | KNSA |
|---|---|---|---|---|
| Moat Score (0–100) | 60 | 61 (highest) | 60 | 60 |
| 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 (highest) | 74 | 67 | 75 |
| Pricing power | 96 | 97 (highest) | — | 96 |
| Returns on capital | 0 | 7 (highest) | 3 | 4 |
| Balance-sheet safety | 100 (highest) | 67 | 100 (highest) | 100 (highest) |
| Capital allocation | 24 | 58 | 71 (highest) | 24 |
| No price data | 589% above value if growth stopped today | 195% above value if growth stopped today (largest discount to value if growth stopped today) | 3387% above value if growth stopped today | |
| Market cap | $3.5B | $952M | $3.8B | $6.3B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |