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.
CPK · 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%.
IDA · 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%.
NWN · 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 | CPK | IDA | NWN | SR |
|---|---|---|---|---|
| Moat Score (0–100) | 38 | 40 (highest) | 39 | 38 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 83 (highest) | 79 | 71 | 64 |
| Pricing power | — | — | — | 80 |
| Returns on capital | 5 | 39 (highest) | 1 | 0 |
| Balance-sheet safety | 4 | 0 | 40 (highest) | 1 |
| Capital discipline | 60 (highest) | 40 | 44 | 43 |
| Price vs. high estimate | 97% above high estimate | 72% above high estimate | 72% above high estimate | 6% above high estimate (largest discount to high estimate) |
| Market cap | $3.2B | $8.1B | $2.1B | $4.8B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |