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 | VERU | KEQU | ESMC | IONS |
|---|---|---|---|---|
| Moat Score (0–100) | 43 (highest) | 43 (highest) | 43 (highest) | 43 (highest) |
| Pricing power | 76 | 9 | 75 | 100 (highest) |
| Returns on capital | 0 | 51 (highest) | 11 | 8 |
| Balance-sheet safety | 55 (highest) | 55 (highest) | 37 | 28 |
| Capital discipline | 44 | 69 (highest) | 47 | 24 |
| Margin of safety | No price data | 18% below value (highest margin of safety) | 101% above value | No price data |
| Market cap | $34.9M | $109.2M | $1.5M | $8.9B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2026 | FY2025 | FY2025 |