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 | VMD | GMED | LMAT | TT |
|---|---|---|---|---|
| Moat Score (0–100) | 78 (highest) | 78 (highest) | 78 (highest) | 78 (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 | 95 | 90 | 95 | 100 (highest) |
| Pricing power | 93 | 94 | 99 (highest) | 54 |
| Returns on capital | 42 | 34 | 62 | 85 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 55 | 85 |
| Capital allocation | 58 | 72 | 78 (highest) | 64 |
| 293% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 492% above value if growth stopped today | No price data | |
| Market cap | $447M | Not reported | $2.2B | Not reported |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |