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 | ZLAB | SDGR | ADUS | XRAY |
|---|---|---|---|---|
| Moat Score (0–100) | 45 (highest) | 45 (highest) | 45 (highest) | 45 (highest) |
| Pricing power | 97 (highest) | 88 | 48 | 88 |
| Returns on capital | 0 | 0 | 19 (highest) | 0 |
| Balance-sheet safety | 55 | 55 | 65 (highest) | 28 |
| Capital discipline | 24 | 38 | 60 | 64 (highest) |
| Margin of safety | No price data | No price data | 75% above value | No price data |
| Market cap | $22.3B | — | $2.1B | $2.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |