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.
| Measure | TXNM | ET | CLNE | KNTK |
|---|---|---|---|---|
| Moat Score (0–100) | 23 | 30 (highest) | 28 | 23 |
| Pricing power | 56 | 32 | 60 (highest) | 23 |
| Returns on capital | 0 | 14 (highest) | 0 | 0 |
| Balance-sheet safety | 0 | 1 | 28 (highest) | 0 |
| Capital discipline | 33 | 80 (highest) | 24 | 80 (highest) |
| Margin of safety | 204% above value | 14% above value (highest margin of safety) | No price data | 30% above value |
| Market cap | $6.3B | $69.9B | $522.0M | $3.2B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |