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 | CLH | GNE | CWCO | NFG |
|---|---|---|---|---|
| Moat Score (0–100) | 58 | 63 (highest) | 60 | 56 |
| Pricing power | 55 | 27 | 70 | 96 (highest) |
| Returns on capital | 26 | 93 (highest) | 25 | 48 |
| Balance-sheet safety | 76 | 100 (highest) | 100 (highest) | 33 |
| Capital discipline | 95 (highest) | 32 | 57 | 32 |
| Margin of safety | 127% above value | 6% below value | 41% above value | 15% below value (highest margin of safety) |
| Market cap | $16.4B | $371.2M | $465.7M | $7.3B |
| Moat tier | Shallow moat | Narrow moat | Narrow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |