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.
AWK · 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 | CLNE | SWX | AWK | NRG |
|---|---|---|---|---|
| Moat Score (0–100) | 34 (highest) | 34 (highest) | 34 (highest) | 34 (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 | 60 (highest) | 60 (highest) | 59 | 36 |
| Pricing power | 60 (highest) | 0 | — | 14 |
| Returns on capital | 0 | 2 | 2 | 49 (highest) |
| Balance-sheet safety | 28 | 50 (highest) | 3 | 7 |
| Capital allocation | 24 | 60 | 73 (highest) | 64 |
| No price data | 204% above value if growth stopped today | No price data | 54% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $445M | $6.7B | Not reported | $26.8B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |