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.
CDZI · Utilities · No moat
Doesn't clear the bar
The businessTrend component abstained: Only one aligned fiscal year of revenue and diluted EPS is available; a trend needs at least two observations. The other four 20% weights were renormalized over the scored 80%.
VG · 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%.
MDU · 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 | CDZI | VG | MDU | PESI |
|---|---|---|---|---|
| Moat Score (0–100) | 16 | 17 (highest) | 17 (highest) | 16 |
| 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) | 25 | 27 |
| Pricing power | 14 (highest) | — | — | 2 |
| Returns on capital | 0 | 13 (highest) | 5 | 0 |
| Balance-sheet safety | 28 (highest) | 4 | 2 | 28 (highest) |
| Capital allocation | 24 | 0 | 35 (highest) | 24 |
| No price data | 8% above value if growth stopped today | 7% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $317M | $32.9B | $3.8B | $246M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |