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%.
| Measure | NEE | DUK | LNT | LNG |
|---|---|---|---|---|
| Moat Score (0–100) | 46 | 47 (highest) | 46 | 45 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 86 (highest) | 81 | 78 | 55 |
| Pricing power | — | 100 (highest) | 100 (highest) | 64 |
| Returns on capital | 3 | 0 | 3 | 28 (highest) |
| Balance-sheet safety | 40 | 1 | 0 | 45 (highest) |
| Capital discipline | 53 (highest) | 52 | 48 | 31 |
| Price vs. high estimate | 52% above high estimate | 44% above high estimate (largest discount to high estimate) | 151% above high estimate | No price data |
| Market cap | $187.0B | $101.5B | $19.3B | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |