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%.
POR · 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 | POR | TXNM | BESS |
|---|---|---|---|---|
| Moat Score (0–100) | 26 | 28 (highest) | 26 | 24 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 0 | 71 (highest) | 40 | 0 |
| Pricing power | 78 (highest) | — | 56 | 70 |
| Returns on capital | 0 | 2 (highest) | 0 | 0 |
| Balance-sheet safety | — | 1 | 0 | 28 (highest) |
| Capital allocation | 24 | 36 (highest) | 33 | 24 |
| No price data | 122% above value if growth stopped today (largest discount to value if growth stopped today) | 209% above value if growth stopped today | No price data | |
| Market cap | Not reported | $6.0B | $6.4B | $12.1M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |