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.
DTM · Utilities · Shallow 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%.
WTRG · Utilities · Shallow 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 | WEC | OKE | DTM | WTRG |
|---|---|---|---|---|
| Moat Score (0–100) | 42 | 43 (highest) | 42 | 42 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 66 | 90 | 91 (highest) | 84 |
| Pricing power | 96 (highest) | 29 | — | — |
| Returns on capital | 3 | 13 (highest) | 1 | 4 |
| Balance-sheet safety | 1 | 3 | 8 (highest) | 2 |
| Capital allocation | 43 | 80 (highest) | 70 | 77 |
| 126% above value if growth stopped today | 99% above value if growth stopped today (largest discount to value if growth stopped today) | 206% above value if growth stopped today | No price data | |
| Market cap | $35.4B | $58.8B | $12.6B | Not reported |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |