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%.
DBHL · Utilities · No moat
Doesn't clear the bar
The balanceSheet component abstained: No debt, cash, or interest-expense disclosures to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | CMS | DBHL | BESS | AWX |
|---|---|---|---|---|
| Moat Score (0–100) | 24 | 26 (highest) | 24 | 24 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 48 | 0 | 0 | 50 (highest) |
| Pricing power | — | 78 (highest) | 70 | 30 |
| Returns on capital | 1 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 0 | — | 28 (highest) | 0 |
| Capital allocation | 45 (highest) | 24 | 24 | 39 |
| 88% above value if growth stopped today | No price data | No price data | No price data | |
| Market cap | $20.9B | Not reported | $12.3M | Not reported |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |