The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | CWST | OGE | NRG | CNP |
|---|---|---|---|---|
| Moat Score (0–100) | 34 | 37 (highest) | 35 | 34 |
| Pricing power | 58 | 86 (highest) | 14 | 78 |
| Returns on capital | 5 | 5 | 56 (highest) | 0 |
| Balance-sheet safety | 17 (highest) | 2 | 7 | 1 |
| Capital discipline | 60 | 44 | 64 (highest) | 54 |
| Margin of safety | 647% above value | 92% above value | 41% above value (highest margin of safety) | 141% above value |
| Market cap | $6.1B | $10.0B | $24.6B | $28.2B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |