Allurion Technologies, Inc. ALUR

Competitive advantage analysis · healthcare

Medical Devices & Diagnostics
Overall moat score
39/100
Developing

About Allurion Technologies, Inc.

Allurion Technologies Inc. focuses on ending obesity with a weight loss platform to treat people who are overweight. Its platform offers the Allurion Program, a swallowable and procedure-less intragastric balloon for weight loss, as well as provides access to artificial intelligence-powered remote patient monitoring tools, a proprietary behavior change program, secure messaging, and video telehealth that are delivered by the … Full ALUR analysis →

Competitive advantage assessment

Key strengths

  • Superior Capital Returns Capital return quality is top-tier (score 0.95). High ROIC indicates the business is reinvesting at attractive rates.
  • Comfortable Interest Coverage Interest coverage quality is strong vs peers (score 0.66). Debt servicing capacity supports continued M&A optionality.

Key risks

  • Weak FCF Generation FCF margin quality lags peers (score 0.27). Below-peer FCF conversion is a MedTech quality warning.
  • Below-Peer Operating Margin Operating margin level is below peers (score 0.28). SG&A leverage needs improvement to close the gap.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power & Consumable Moat

Developing
46

Where ALUR ranks in Medical Devices

Allurion Technologies, Inc. ranks #106 of 160 scored companies in Medical Devices by moat score — the top 66%. The widest moat in the group is iRadimed Corporation (IRMD) at 83/100.

Moat scores for companies ranked near ALUR in Medical Devices
# Company Moat score Rating
102 MDAIW MDAIW 42/100 Developing
103 Spectral AI, Inc. MDAI 42/100 Developing
104 Myomo Inc. MYO 41/100 Developing
105 QuidelOrtho Corporation QDEL 40/100 Developing
106 Allurion Technologies, Inc. ALUR 39/100 Developing
107 Quanterix Corporation QTRX 39/100 Developing
108 enVVeno Medical Corporation NVNO 38/100 Developing
109 Accelerate Diagnostics, Inc. AXDX 38/100 Developing
110 NANO-X IMAGING LTD NNOX 38/100 Developing

See every Medical Devices & Diagnostics company ranked by moat score →

How ALUR scores on the Medical Devices & Diagnostics defenses

Pricing Power & Consumable Moat

Score 46 · 25% of the moat score

In MedTech, pricing power is rarely about the machine — it is about what the machine consumes.

R&D Pipeline & Capital Returns

Score 64 · 20% of the moat score

Research spending is how a device company keeps its installed base current, but spending alone proves nothing.

FCF Quality & Cash Conversion

Score 21 · 20% of the moat score

MedTech companies grow by acquisition, and the resulting intangible amortisation depresses reported earnings without consuming any cash.

Commercial Execution

Score 25 · 15% of the moat score

Devices are sold into hospitals and labs through committees, tenders and long qualification cycles, which makes the sales organisation expensive and hard to replicate.

Capital Structure & Resilience

Score 66 · 12% of the moat score

Serial acquirers carry debt, and the question is whether the cash flows underneath it are dependable enough to service it through a downturn.

Growth Durability

Score 14 · 8% of the moat score

Growth durability separates an expanding installed base from a good product cycle.

How each Medical Devices & Diagnostics defense is measured, in full →

Understanding ALUR's moat

What is Allurion Technologies, Inc.'s moat score?

Allurion Technologies, Inc. (ALUR) scores 39 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #106 of 160 scored companies in Medical Devices, the top 66%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 159 companies in Medical Devices. Its strongest defense is Capital Structure & Resilience (66/100) and its weakest is Growth Durability (14/100).

How does Allurion Technologies, Inc. compare with other Medical Devices companies?

Allurion Technologies, Inc. ranks #106 of 160 scored companies in Medical Devices by moat score. The widest moat in Medical Devices is iRadimed Corporation (IRMD) at 83/100. The companies ranked closest are QuidelOrtho Corporation (QDEL) at 40 just above it and Quanterix Corporation (QTRX) at 39 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Medical Devices & Diagnostics in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 159 companies in Medical Devices. The defenses are then weighted to produce the overall score out of 100.

Why is Allurion Technologies, Inc. scored with the Medical Devices & Diagnostics template?

Medical device and diagnostics companies place an instrument once and then sell the consumables, reagents and service that instrument needs for the next decade. The economics are a razor-and-blade model wrapped in regulatory approval and clinician habit, so the MedTech template scores the durability of that installed base rather than the size of any single product launch.

Which competitive defenses are measured for Allurion Technologies, Inc.?

The Medical Devices & Diagnostics template measures 6 defenses, and ALUR scores: Pricing Power & Consumable Moat (46), R&D Pipeline & Capital Returns (64), FCF Quality & Cash Conversion (21), Commercial Execution (25), Capital Structure & Resilience (66), Growth Durability (14). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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