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.
PEG · Utilities · Shallow moat
Doesn't clear the bar
OTTR · Utilities · 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%.
| Measure | PEG | WCN | OTTR | NFG |
|---|---|---|---|---|
| Moat Score (0–100) | 54 | 55 (highest) | 55 (highest) | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 63 | 90 (highest) | 74 | 71 |
| Pricing power | 100 (highest) | 71 | — | 96 |
| Returns on capital | 3 | 6 | 31 | 34 (highest) |
| Balance-sheet safety | 30 | 22 | 47 (highest) | 33 |
| Capital allocation | 72 | 85 (highest) | 67 | 32 |
| 125% above value if growth stopped today | 358% above value if growth stopped today | 19% above value if growth stopped today (largest discount to value if growth stopped today) | 34% above value if growth stopped today | |
| Market cap | $35.0B | $42.3B | $3.8B | $7.1B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |