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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

KGS · Utilities · No moat

31/ 100
No moat

Doesn't clear the bar

CETY · Utilities · No moat

32/ 100
No moat

Doesn't clear the bar

BESS · Utilities · No moat

31/ 100
No moat

Doesn't clear the bar

ET · Utilities · No moat

30/ 100
No moat

Doesn't clear the bar

MeasureKGSCETYBESSET
Moat Score (0–100)3132 (highest)3130
Pricing power653970 (highest)32
Returns on capital100014 (highest)
Balance-sheet safety4055 (highest)281
Capital discipline0442480 (highest)
Margin of safety525% above valueNo price dataNo price data14% above value (highest margin of safety)
Market cap$5.6B$8.3M$12.5M$69.9B
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025