Does WISCONSIN ELECTRIC POWER COMPANY have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores WISCONSIN ELECTRIC POWER COMPANY (WELPP) 47.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 99, returns on capital 27, balance-sheet safety 16, capital discipline 35.

How has WELPP's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 47.8 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

WISCONSIN ELECTRIC POWER COMPANY

WELPP · Utilities · $2.1B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power99

Median gross margin 65.6% over 10y, very stable.

Returns on capital27

Median ROIC 8.7%, above the 9% hurdle in 30% of years.

Balance-sheet safety16

Net debt/EBITDA 2.9x, interest coverage 2x.

Capital discipline35

Owner earnings -0.8%/yr, share count flat.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $64.40
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for WELPP yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale47.8 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — WELPP has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Utilities context

#9 of 48 scored Utilities companies, ranked by Moat Score.

Nearest peers by Moat Score

#7NFG NATIONAL FUEL GAS CO56.2 out of 100, Shallow moatShallow moat
#8AWR American States Water Co54.3 out of 100, Shallow moatShallow moat
#10ATO ATMOS ENERGY CORP45.4 out of 100, Shallow moatShallow moat
#11CWEN Clearway Energy, Inc.44.5 out of 100, Shallow moatShallow moat

Compare WELPP with its nearest peers →All Utilities companies on the Index →

Common questions about WELPP

Does WISCONSIN ELECTRIC POWER COMPANY have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores WISCONSIN ELECTRIC POWER COMPANY (WELPP) 47.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 99, returns on capital 27, balance-sheet safety 16, capital discipline 35.
How has WELPP's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 47.8 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows WELPP’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/WELPP"
  width="340" height="150" style="border:0"
  title="WELPP Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell WELPP. See the disclaimer.