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.
XEL · Utilities · No moat
Doesn't clear the bar
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
HTO · 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 | SR | XEL | HTO | AEE |
|---|---|---|---|---|
| Moat Score (0–100) | 36 (highest) | 36 (highest) | 36 (highest) | 36 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 54 | — | 98 (highest) | 89 |
| Pricing power | 80 | 100 (highest) | — | — |
| Returns on capital | 0 | 3 (highest) | 0 | 2 |
| Balance-sheet safety | 1 | 0 | 1 | 2 (highest) |
| Capital allocation | 43 | 41 | 45 | 51 (highest) |
| 76% above value if growth stopped today (largest discount to value if growth stopped today) | 159% above value if growth stopped today | 144% above value if growth stopped today | 145% above value if growth stopped today | |
| Market cap | $4.9B | $50.9B | $2.3B | $31.4B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |