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.

Try AAPL vs MSFT vs KO, V vs MA, or COST vs WMT vs TGT.

OTTR · Utilities · Shallow moat

Shallow moat

On the watchlist

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%.

GNE · Utilities · Narrow moat

Narrow moat

Wonderful & reasonably priced

WCN · Utilities · Shallow moat

Shallow moat

Doesn't clear the bar

ATO · Utilities · Shallow moat

Shallow moat

Doesn't clear the bar

MeasureOTTRGNEWCNATO
Moat Score (0–100)5462 (highest)5453
Methodology versionmoat-index@2.0.0moat-index@2.0.0moat-index@2.0.0moat-index@2.0.0
Business trend71618689 (highest)
Pricing power277194 (highest)
Returns on capital3190 (highest)64
Balance-sheet safety47100 (highest)2220
Capital discipline673285 (highest)60
Price vs. high estimate25% below high estimate41% below high estimate (largest discount to high estimate)192% above high estimate80% above high estimate
Market cap$3.8B$374.9M$43.7B$28.7B
Moat tierShallow moatNarrow moatShallow moatShallow moat
Filings as ofFY2025FY2025FY2025FY2025