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.
ES · 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%.
YORW · 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%.
BKH · 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 | ES | OGE | YORW | BKH |
|---|---|---|---|---|
| Moat Score (0–100) | 32 (highest) | 32 (highest) | 32 (highest) | 32 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 85 (highest) | 24 | 76 | 62 |
| Pricing power | — | 86 | — | — |
| Returns on capital | 0 | 5 | 12 (highest) | 3 |
| Balance-sheet safety | 1 | 2 (highest) | 2 (highest) | 2 (highest) |
| Capital allocation | 41 | 44 | 39 | 60 (highest) |
| 106% above value if growth stopped today | 97% above value if growth stopped today | 102% above value if growth stopped today | 95% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $28.1B | $10.3B | $450M | $5.7B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |