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 | XAIR | AMS | HCWB | BFLY |
|---|---|---|---|---|
| Moat Score (0–100) | 16 | 17 (highest) | 17 (highest) | 16 |
| Pricing power | 0 | 41 (highest) | 21 | 19 |
| Returns on capital | 6 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 28 (highest) | 0 | 28 (highest) | 28 (highest) |
| Capital discipline | 44 (highest) | 24 | 24 | 24 |
| Margin of safety | No price data | 62% below value | No price data | No price data |
| Market cap | $65.8M | $9.3M | $26.9M | $1.6B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |