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 | VSEE | INGN | MMSI | SDGR |
|---|---|---|---|---|
| Moat Score (0–100) | 45 | 46 (highest) | 45 | 45 |
| Pricing power | 85 | 85 | 75 | 88 (highest) |
| Returns on capital | 0 | 14 (highest) | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 55 (highest) | 55 (highest) | 55 (highest) |
| Capital discipline | 44 | 24 | 60 (highest) | 38 |
| Margin of safety | No price data | No price data | 63% above value | No price data |
| Market cap | $3.2M | $178.9M | $4.4B | — |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |