The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
AM · Utilities · Shallow moat
Doesn't clear the bar
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
| Measure | AM | OGS | CWEN | PCYO |
|---|---|---|---|---|
| Moat Score (0–100) | 48 | 50 (highest) | 49 | 47 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 86 | 92 (highest) | 75 | 50 |
| Pricing power | — | 87 (highest) | 70 | 51 |
| Returns on capital | 11 | 5 | 18 (highest) | 0 |
| Balance-sheet safety | 51 | 31 | 28 | 95 (highest) |
| Capital allocation | 44 | 33 | 52 (highest) | 41 |
| 132% above value if growth stopped today | 99% above value if growth stopped today | 36% above value if growth stopped today (largest discount to value if growth stopped today) | 108% above value if growth stopped today | |
| Market cap | $10.7B | $5.0B | $6.5B | $268M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |