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.
EXC · 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%.
ARTNA · 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 | EXC | ARTNA | SWX | CTRI |
|---|---|---|---|---|
| Moat Score (0–100) | 35 (highest) | 35 (highest) | 35 (highest) | 34 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 46 | 76 (highest) | 62 | 57 |
| Pricing power | — | — | 0 | 24 (highest) |
| Returns on capital | 1 | 0 | 2 (highest) | 0 |
| Balance-sheet safety | 40 | 3 | 50 | 64 (highest) |
| Capital discipline | 52 | 61 (highest) | 60 | 24 |
| Price vs. high estimate | 12% above high estimate (largest discount to high estimate) | No price data | 200% above high estimate | No price data |
| Market cap | $47.0B | — | $6.6B | $2.7B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |