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.
CMS · Utilities · No 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%.
TLN · Utilities · No 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 | AWX | BESS | CMS | TLN |
|---|---|---|---|---|
| Moat Score (0–100) | 24 (highest) | 24 (highest) | 24 (highest) | 24 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 50 (highest) | 0 | 48 | 50 (highest) |
| Pricing power | 30 | 70 (highest) | — | — |
| Returns on capital | 0 | 0 | 1 (highest) | 0 |
| Balance-sheet safety | 0 | 28 (highest) | 0 | 0 |
| Capital allocation | 39 | 24 | 45 (highest) | 44 |
| No price data | No price data | 105% above value if growth stopped today | No price data | |
| Market cap | Not reported | $12.1M | $22.9B | $16.4B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |