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.
| Measure | LNT | LNG | NI | PEG |
|---|---|---|---|---|
| Moat Score (0–100) | 41 | 43 (highest) | 42 | 41 |
| Pricing power | 100 (highest) | 64 | 100 (highest) | 100 (highest) |
| Returns on capital | 3 | 28 (highest) | 0 | 3 |
| Balance-sheet safety | 0 | 45 (highest) | 2 | 2 |
| Capital discipline | 48 | 31 | 60 (highest) | 47 |
| Margin of safety | 55% above value (highest margin of safety) | No price data | 61% above value | No price data |
| Market cap | $19.2B | — | $22.0B | $39.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |