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.
UGI · 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%.
ES · 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%.
BKH · 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%.
ED · 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 | UGI | ES | BKH | ED |
|---|---|---|---|---|
| Moat Score (0–100) | 31 | 32 (highest) | 32 (highest) | 31 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 29 | 85 (highest) | 62 | 82 |
| Pricing power | — | — | — | — |
| Returns on capital | 29 (highest) | 0 | 3 | 4 |
| Balance-sheet safety | 5 (highest) | 1 | 2 | 1 |
| Capital allocation | 63 (highest) | 41 | 60 | 37 |
| No price data | 106% above value if growth stopped today | 95% above value if growth stopped today (largest discount to value if growth stopped today) | 102% above value if growth stopped today | |
| Market cap | Not reported | $28.1B | $5.7B | $40.8B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |