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.
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%.
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%.
| Measure | MSEX | NEE | LNG | OKE |
|---|---|---|---|---|
| Moat Score (0–100) | 44 | 46 (highest) | 45 | 43 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 78 | 86 | 55 | 90 (highest) |
| Pricing power | — | — | 64 (highest) | 29 |
| Returns on capital | 23 | 3 | 28 (highest) | 13 |
| Balance-sheet safety | 32 | 40 | 45 (highest) | 3 |
| Capital allocation | 43 | 53 | 31 | 80 (highest) |
| 121% above value if growth stopped today | 146% above value if growth stopped today | No price data | 99% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $1.0B | $187.0B | Not reported | $58.7B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |