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.
DBHL · Utilities · No moat
Doesn't clear the bar
The balanceSheet component abstained: No debt, cash, or interest-expense disclosures to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
ED · 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%.
SO · 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 | DBHL | ED | SO | QRHC |
|---|---|---|---|---|
| Moat Score (0–100) | 26 (highest) | 26 (highest) | 26 (highest) | 24 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 0 | 62 (highest) | 62 (highest) | 59 |
| Pricing power | 78 (highest) | — | — | 12 |
| Returns on capital | 0 | 4 (highest) | 1 | 0 |
| Balance-sheet safety | — | 1 | 1 | 28 (highest) |
| Capital discipline | 24 | 37 | 39 (highest) | 24 |
| Price vs. high estimate | No price data | 98% above high estimate | 48% above high estimate | 22% above high estimate (largest discount to high estimate) |
| Market cap | — | $40.1B | $105.7B | $27.5M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |