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.
HE · 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%.
CDZI · Utilities · No moat
Doesn't clear the bar
The businessTrend component abstained: Only one aligned fiscal year of revenue and diluted EPS is available; a trend needs at least two observations. The other four 20% weights were renormalized over the scored 80%.
SNRG · Utilities · No moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | HE | CDZI | PESI | SNRG |
|---|---|---|---|---|
| Moat Score (0–100) | 15 | 16 (highest) | 16 (highest) | 11 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 45 (highest) | — | 27 | 20 |
| Pricing power | — | 14 (highest) | 2 | 0 |
| Returns on capital | 5 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 9 | 28 (highest) | 28 (highest) | — |
| Capital allocation | 0 | 24 (highest) | 24 (highest) | 24 (highest) |
| 4% above value if growth stopped today | No price data | No price data | No price data | |
| Market cap | $2.3B | $263M | $296M | $3M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |