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.
OTTR · 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%.
SMC · Utilities · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | NFG | OTTR | PEG | SMC |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 55 (highest) | 54 | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 71 | 74 (highest) | 63 | 50 |
| Pricing power | 96 | — | 100 (highest) | 100 (highest) |
| Returns on capital | 34 (highest) | 31 | 3 | — |
| Balance-sheet safety | 33 | 47 (highest) | 30 | 0 |
| Capital allocation | 32 | 67 | 72 (highest) | 60 |
| 41% above value if growth stopped today | 23% above value if growth stopped today (largest discount to value if growth stopped today) | 155% above value if growth stopped today | 1329% above value if growth stopped today | |
| Market cap | $7.5B | $3.9B | $39.7B | $370M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |