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.
POR · Utilities · No 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%.
RGCO · Utilities · No 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%.
ETR · Utilities · No 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 | POR | RGCO | ETR | TXNM |
|---|---|---|---|---|
| Moat Score (0–100) | 28 | 30 (highest) | 30 (highest) | 26 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 71 | 65 | 75 (highest) | 40 |
| Pricing power | — | — | — | 56 |
| Returns on capital | 2 (highest) | 1 | 0 | 0 |
| Balance-sheet safety | 1 | 2 (highest) | 1 | 0 |
| Capital allocation | 36 | 52 (highest) | 44 | 33 |
| 108% above value if growth stopped today | 79% above value if growth stopped today (largest discount to value if growth stopped today) | 146% above value if growth stopped today | 207% above value if growth stopped today | |
| Market cap | $5.6B | $224M | $48.5B | $6.3B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |