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.
| Measure | KMI | RSG | WM | CWCO |
|---|---|---|---|---|
| Moat Score (0–100) | 71 | 76 (highest) | 70 | 69 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 67 | 100 (highest) | 98 | 95 |
| Pricing power | 88 (highest) | 68 | 66 | 70 |
| Returns on capital | 22 | 84 (highest) | 42 | 22 |
| Balance-sheet safety | 100 (highest) | 37 | 56 | 100 (highest) |
| Capital allocation | 80 | 94 (highest) | 88 | 57 |
| 149% above value if growth stopped today | 269% above value if growth stopped today | 253% above value if growth stopped today | 125% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $73.0B | $70.9B | $90.3B | $459M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |