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%.
VST · 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 | VST | CWST | CETY |
|---|---|---|---|---|
| Moat Score (0–100) | 39 (highest) | 39 (highest) | 39 (highest) | 39 (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 | 87 (highest) | 45 | 55 | 55 |
| Pricing power | — | — | 58 (highest) | 39 |
| Returns on capital | 5 | 13 (highest) | 5 | 0 |
| Balance-sheet safety | 4 | 0 | 17 | 55 (highest) |
| Capital allocation | 60 | 100 (highest) | 60 | 44 |
| 226% above value if growth stopped today (largest discount to value if growth stopped today) | 427% above value if growth stopped today | 1031% above value if growth stopped today | No price data | |
| Market cap | $3.3B | $55.2B | $5.7B | $8.7M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |