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.
IDA · Utilities · Shallow 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%.
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%.
| Measure | CWST | IDA | VST | CPK |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 40 (highest) | 39 | 39 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 55 | 82 | 45 | 87 (highest) |
| Pricing power | 58 | — | — | — |
| Returns on capital | 5 | 39 (highest) | 13 | 5 |
| Balance-sheet safety | 17 (highest) | 0 | 0 | 4 |
| Capital allocation | 60 | 40 | 100 (highest) | 60 |
| 994% above value if growth stopped today | 159% above value if growth stopped today (largest discount to value if growth stopped today) | 397% above value if growth stopped today | 213% above value if growth stopped today | |
| Market cap | $5.5B | $7.5B | $52.1B | $3.1B |
| Moat tier | No moat | Shallow moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |