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.
NEE · Utilities · Shallow 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%.
MSEX · Utilities · Shallow 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 | LNG | LNT | NEE | MSEX |
|---|---|---|---|---|
| Moat Score (0–100) | 45 | 46 (highest) | 46 (highest) | 44 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 55 | 78 | 86 (highest) | 78 |
| Pricing power | 64 | 100 (highest) | — | — |
| Returns on capital | 28 (highest) | 3 | 3 | 23 |
| Balance-sheet safety | 45 (highest) | 0 | 40 | 32 |
| Capital allocation | 31 | 48 | 53 (highest) | 43 |
| No price data | 129% above value if growth stopped today | 119% above value if growth stopped today | 114% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | Not reported | $17.6B | $166.2B | $1.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |