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 | DUK | LNT | PEG | XEL |
|---|---|---|---|---|
| Moat Score (0–100) | 41 (highest) | 41 (highest) | 41 (highest) | 39 |
| Pricing power | 100 (highest) | 100 (highest) | 100 (highest) | 100 (highest) |
| Returns on capital | 0 | 3 (highest) | 3 (highest) | 3 (highest) |
| Balance-sheet safety | 1 | 0 | 2 (highest) | 0 |
| Capital discipline | 52 (highest) | 48 | 47 | 41 |
| Margin of safety | 38% above value (highest margin of safety) | 55% above value | No price data | 54% above value |
| Market cap | $97.3B | $19.2B | $39.2B | $49.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |