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.
SNRG · Utilities · No moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
HE · 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 | SNRG | PESI | HE |
|---|---|---|---|
| Moat Score (0–100) | 11 | 16 (highest) | 15 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 20 | 27 | 45 (highest) |
| Pricing power | 0 | 2 (highest) | — |
| Returns on capital | 0 | 0 | 5 (highest) |
| Balance-sheet safety | — | 28 (highest) | 9 |
| Capital allocation | 24 (highest) | 24 (highest) | 0 |
| No price data | No price data | 4% above value if growth stopped today | |
| Market cap | $3M | $296M | $2.3B |
| Moat tier | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 |