Daxor Corporation DXR

Competitive advantage analysis · healthcare

Medical Devices & Diagnostics
Overall moat score
69/100
Moderate

About Daxor Corporation

Daxor Corporation engages in medical instrumentation and biotechnology operations. It develops the BVA-100 Blood Volume Analyzer, an instrument that measures human blood volume, in conjunction with Volumex, a single-use radiopharmaceutical diagnostic injection and collection kit. The company was formerly known as Idant Corporation and changed its name to Daxor Corporation in May 1973. Daxor Corporation was incorporated in 1971 and … Full DXR analysis →

Competitive advantage assessment

Key strengths

  • Elite Gross Margins Gross margin quality is top-tier vs peers (score 1.00). This signals strong consumable attach-rate economics.
  • Superior Capital Returns Capital return quality is top-tier (score 0.78). High ROIC indicates the business is reinvesting at attractive rates.

Key risks

  • Gross Margin Volatility Gross margin stability is poor (score 0.02). Margin volatility undermines the consumable moat thesis.
  • Operating Margin Compression Operating margin trend is negative (score 0.09). Sustained compression would reduce the commercial moat.

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

Moderate
61

Where DXR ranks in Medical Instruments & Supplies

Daxor Corporation ranks #9 of 62 scored companies in Medical Instruments & Supplies by moat score — the top 15%. The widest moat in the group is Intuitive Surgical, Inc. (ISRG) at 86/100.

Moat scores for companies ranked near DXR in Medical Instruments & Supplies
# Company Moat score Rating
5 Alcon Inc. ALC 73/100 Moderate
6 Embecta Corp. EMBC 71/100 Moderate
7 Utah Medical Products, Inc. UTMD 70/100 Moderate
8 AtriCure, Inc. ATRC 69/100 Moderate
9 Daxor Corporation DXR 69/100 Moderate
10 Merit Medical Systems, Inc. MMSI 68/100 Moderate
11 Align Technology, Inc. ALGN 68/100 Moderate
12 InfuSystems Holdings, Inc. INFU 68/100 Moderate
13 AptarGroup, Inc. ATR 66/100 Moderate

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

How DXR scores on the Medical Devices & Diagnostics defenses

Pricing Power & Consumable Moat

Score 61 · 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 65 · 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 70 · 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 61 · 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 80 · 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 100 · 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 DXR's moat

What is Daxor Corporation's moat score?

Daxor Corporation (DXR) scores 69 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #9 of 62 scored companies in Medical Instruments & Supplies, the top 15%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 61 companies in Medical Instruments & Supplies. Its strongest defense is Growth Durability (100/100) and its weakest is Commercial Execution (61/100).

How does Daxor Corporation compare with other Medical Instruments & Supplies companies?

Daxor Corporation ranks #9 of 62 scored companies in Medical Instruments & Supplies by moat score. The widest moat in Medical Instruments & Supplies is Intuitive Surgical, Inc. (ISRG) at 86/100. The companies ranked closest are AtriCure, Inc. (ATRC) at 69 just above it and Merit Medical Systems, Inc. (MMSI) at 68 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 61 companies in Medical Instruments & Supplies. The defenses are then weighted to produce the overall score out of 100.

Why is Daxor Corporation 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 Daxor Corporation?

The Medical Devices & Diagnostics template measures 6 defenses, and DXR scores: Pricing Power & Consumable Moat (61), R&D Pipeline & Capital Returns (65), FCF Quality & Cash Conversion (70), Commercial Execution (61), Capital Structure & Resilience (80), Growth Durability (100). 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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