The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | ORA | TXNM | KNTK | SWX |
|---|---|---|---|---|
| Moat Score (0–100) | 23 (highest) | 23 (highest) | 23 (highest) | 23 (highest) |
| Pricing power | 54 | 56 (highest) | 23 | 0 |
| Returns on capital | 0 | 0 | 0 | 2 (highest) |
| Balance-sheet safety | 0 | 0 | 0 | 50 (highest) |
| Capital discipline | 31 | 33 | 80 (highest) | 60 |
| Margin of safety | 184% above value | 204% above value | 30% above value (highest margin of safety) | 86% above value |
| Market cap | $6.3B | $6.3B | $3.2B | $6.6B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |