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.
CWT · 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%.
WTRG · 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%.
WELPP · Utilities · Shallow moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
| Measure | CWT | WTRG | WELPP | PNW |
|---|---|---|---|---|
| Moat Score (0–100) | 41 | 42 (highest) | 42 (highest) | 41 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 62 | 84 (highest) | — | 69 |
| Pricing power | — | — | 99 | 100 (highest) |
| Returns on capital | 32 (highest) | 4 | 16 | 2 |
| Balance-sheet safety | 29 (highest) | 2 | 16 | 1 |
| Capital allocation | 43 | 77 (highest) | 35 | 33 |
| 169% above value if growth stopped today | No price data | No price data | 84% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $3.0B | Not reported | $2.2B | $12.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |