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.
| Measure | OGS | AWR | NI | CWEN |
|---|---|---|---|---|
| Moat Score (0–100) | 50 (highest) | 50 (highest) | 50 (highest) | 49 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 92 (highest) | 74 | 87 | 75 |
| Pricing power | 87 | 84 | 100 (highest) | 70 |
| Returns on capital | 5 | 20 (highest) | 0 | 18 |
| Balance-sheet safety | 31 (highest) | 19 | 2 | 28 |
| Capital allocation | 33 | 56 | 60 (highest) | 52 |
| 101% above value if growth stopped today | 155% above value if growth stopped today | 164% above value if growth stopped today | 38% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $5.0B | $3.4B | $22.3B | $6.5B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |