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.
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%.
BKH · 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%.
AEE · 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 | RGCO | OPTT | BKH | AEE |
|---|---|---|---|---|
| Moat Score (0–100) | 32 | 33 (highest) | 32 | 32 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 72 (highest) | 63 | 64 | 72 (highest) |
| Pricing power | — | 0 | — | — |
| Returns on capital | 1 | 0 | 3 (highest) | 2 |
| Balance-sheet safety | 2 | 55 (highest) | 2 | 2 |
| Capital discipline | 52 | 44 | 60 (highest) | 51 |
| Price vs. high estimate | 97% above high estimate | No price data | 56% above high estimate | 47% above high estimate (largest discount to high estimate) |
| Market cap | $247.8M | $32.8M | $5.6B | $30.5B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |