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%.
DTM · 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 | OKE | LNG | MSEX | DTM |
|---|---|---|---|---|
| Moat Score (0–100) | 43 | 45 (highest) | 44 | 42 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 90 | 55 | 78 | 91 (highest) |
| Pricing power | 29 | 64 (highest) | — | — |
| Returns on capital | 13 | 28 (highest) | 23 | 1 |
| Balance-sheet safety | 3 | 45 (highest) | 32 | 8 |
| Capital allocation | 80 (highest) | 31 | 43 | 70 |
| 99% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 121% above value if growth stopped today | 260% above value if growth stopped today | |
| Market cap | $58.7B | Not reported | $1.0B | $14.8B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |