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.

PEG · Utilities · Shallow moat

Shallow moat

Doesn't clear the bar

WCN · Utilities · Shallow moat

Shallow moat

Doesn't clear the bar

OTTR · Utilities · Shallow moat

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%.

NFG · Utilities · Shallow moat

Shallow moat

Doesn't clear the bar

MeasurePEGWCNOTTRNFG
Moat Score (0–100)5455 (highest)55 (highest)53
Methodology versionmoat-index@3.0.0moat-index@3.0.0moat-index@3.0.0moat-index@3.0.0
Business trend6390 (highest)7471
Pricing power100 (highest)7196
Returns on capital363134 (highest)
Balance-sheet safety302247 (highest)33
Capital allocation7285 (highest)6732
155% above value if growth stopped today369% above value if growth stopped today23% above value if growth stopped today (largest discount to value if growth stopped today)41% above value if growth stopped today
Market cap$39.7B$43.4B$3.9B$7.5B
Moat tierShallow moatShallow moatShallow moatShallow moat
Filing dateFY2025FY2025FY2025FY2025