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.
EVRG · 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%.
AWK · 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 | SWX | EVRG | CNP | AWK |
|---|---|---|---|---|
| Moat Score (0–100) | 34 | 35 (highest) | 35 (highest) | 34 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 (highest) | 56 | 41 | 59 |
| Pricing power | 0 | — | 78 (highest) | — |
| Returns on capital | 2 | 8 (highest) | 0 | 2 |
| Balance-sheet safety | 50 (highest) | 1 | 1 | 3 |
| Capital allocation | 60 | 75 (highest) | 54 | 73 |
| 204% above value if growth stopped today | No price data | 149% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | $6.7B | Not reported | $29.1B | Not reported |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |