The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | ATO | AWR | WELPP | CWEN |
|---|---|---|---|---|
| Moat Score (0–100) | 45 | 54 (highest) | 48 | 45 |
| Pricing power | 94 | 84 | 99 (highest) | 70 |
| Returns on capital | 4 | 48 (highest) | 27 | 25 |
| Balance-sheet safety | 20 | 19 | 16 | 28 (highest) |
| Capital discipline | 60 (highest) | 56 | 35 | 52 |
| Margin of safety | 80% above value | 63% above value | No price data | 12% below value (highest margin of safety) |
| Market cap | $28.7B | $3.5B | $2.1B | $6.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |