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.
HRMY · Healthcare · Wide moat
Wonderful & reasonably priced
| Measure | VLTO | HRMY | EMBC | BMI |
|---|---|---|---|---|
| Moat Score (0–100) | 83 (highest) | 83 (highest) | 83 (highest) | 82 |
| Pricing power | 97 | 99 (highest) | 99 (highest) | 67 |
| Returns on capital | 100 (highest) | 100 (highest) | 100 (highest) | 86 |
| Balance-sheet safety | 77 | 86 | 100 (highest) | 100 (highest) |
| Capital discipline | 42 | 32 | 15 | 80 (highest) |
| Margin of safety | 104% above value | 25% below value | 87% below value (highest margin of safety) | 284% above value |
| Market cap | $23.3B | $1.9B | $190.1M | $5.6B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |