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.
NWE · Utilities · No 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 | NWE | MNTK | VIVK | CDZI |
|---|---|---|---|---|
| Moat Score (0–100) | 20 | 22 (highest) | 20 | 20 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 50 | 54 (highest) | 50 | 32 |
| Pricing power | — | 27 (highest) | 0 | 14 |
| Returns on capital | 1 | 5 (highest) | 0 | 0 |
| Balance-sheet safety | 0 | 8 | 28 (highest) | 28 (highest) |
| Capital discipline | 29 (highest) | 17 | 24 | 24 |
| Price vs. high estimate | 113% above high estimate | 111% above high estimate (largest discount to high estimate) | No price data | No price data |
| Market cap | $4.4B | $227.8M | $3.5M | $276.3M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |