The Moat Index

Compare moats, side by side.

Two to four companies, scored on the same four filters 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.

SR · Utilities · No moat

33/ 100
No moat

Doesn't clear the bar

CNP · Utilities · No moat

34/ 100
No moat

Doesn't clear the bar

TRGP · Utilities · No moat

33/ 100
No moat

Doesn't clear the bar

OGS · Utilities · No moat

33/ 100
No moat

Doesn't clear the bar

MeasureSRCNPTRGPOGS
Moat Score (0–100)3334 (highest)3333
Pricing power80781587 (highest)
Returns on capital0021 (highest)5
Balance-sheet safety1153 (highest)3
Capital discipline435460 (highest)24
Margin of safety72% above value (highest margin of safety)141% above value157% above valueNo price data
Market cap$4.8B$28.2B$60.7B$5.0B
Moat tierNo moatNo moatNo moatNo moat
Filings as ofFY2025FY2025FY2025FY2025
SR vs CNP vs TRGP vs OGS — Moat Score Comparison · Buy Like Buffett