Pharming Group N.V. PHAR

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
74/100
Moderate

About Pharming Group N.V.

Pharming Group N.V., a biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally. The company's lead product is RUCONEST, a recombinant C1 esterase inhibitor for the treatment of acute attacks in adult and adolescent patients with acute hereditary angioedema (HAE); and Joenja (leniolisib), an oral … Full PHAR analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 1.00), demonstrating pricing resilience across cycles.
  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.96), suggesting sticky customer base.

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

Strong
80

Where PHAR ranks in Biotechnology

Pharming Group N.V. ranks #32 of 713 scored companies in Biotechnology by moat score — the top 4%. The widest moat in the group is Royalty Pharma plc (RPRX) at 85/100.

Moat scores for companies ranked near PHAR in Biotechnology
# Company Moat score Rating
28 BeiGene, Ltd. ONC 75/100 Moderate
29 Maze Therapeutics, Inc. MAZE 75/100 Moderate
30 Vericel Corporation VCEL 75/100 Moderate
31 Genmab A/S GMAB 75/100 Moderate
32 Pharming Group N.V. PHAR 74/100 Moderate
33 Alnylam Pharmaceuticals, Inc. ALNY 74/100 Moderate
34 BioCryst Pharmaceuticals, Inc. BCRX 74/100 Moderate
35 Puma Biotechnology Inc PBYI 74/100 Moderate
36 XOMA Royalty Corporation XOMA 73/100 Moderate

See every Biotech / Pre-Revenue company ranked by moat score →

How PHAR scores on the Corporate Default defenses

Pricing Power

Score 80 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 89 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 92 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 61 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 65 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 60 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PHAR's moat

What is Pharming Group N.V.'s moat score?

Pharming Group N.V. (PHAR) scores 74 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #32 of 713 scored companies in Biotechnology, the top 4%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Customer Stickiness (92/100) and its weakest is Scale & Market Position (60/100).

How does Pharming Group N.V. compare with other Biotechnology companies?

Pharming Group N.V. ranks #32 of 713 scored companies in Biotechnology by moat score. The widest moat in Biotechnology is Royalty Pharma plc (RPRX) at 85/100. The companies ranked closest are Genmab A/S (GMAB) at 74 just above it and Alnylam Pharmaceuticals, Inc. (ALNY) at 74 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default 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 712 companies in Biotechnology. The defenses are then weighted to produce the overall score out of 100.

Why is Pharming Group N.V. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Pharming Group N.V.?

The Corporate Default template measures 6 defenses, and PHAR scores: Pricing Power (80), Cost Advantage (89), Customer Stickiness (92), Capital Efficiency (61), Resilience (65), Scale & Market Position (60). 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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