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 | AWR | CLH | NFG | WELPP |
|---|---|---|---|---|
| Moat Score (0–100) | 54 | 58 (highest) | 56 | 48 |
| Pricing power | 84 | 55 | 96 | 99 (highest) |
| Returns on capital | 48 (highest) | 26 | 48 (highest) | 27 |
| Balance-sheet safety | 19 | 76 (highest) | 33 | 16 |
| Capital discipline | 56 | 95 (highest) | 32 | 35 |
| Margin of safety | 63% above value | 127% above value | 15% below value (highest margin of safety) | No price data |
| Market cap | $3.5B | $16.4B | $7.3B | $2.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |