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.
WELPP · Utilities · Shallow 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%.
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%.
CWT · 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 | WELPP | WEC | WTRG | CWT |
|---|---|---|---|---|
| Moat Score (0–100) | 42 (highest) | 42 (highest) | 42 (highest) | 41 |
| 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 | 84 (highest) | 62 |
| Pricing power | 99 (highest) | 96 | — | — |
| Returns on capital | 16 | 3 | 4 | 32 (highest) |
| Balance-sheet safety | 16 | 1 | 2 | 29 (highest) |
| Capital allocation | 35 | 43 | 77 (highest) | 43 |
| No price data | 141% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | 169% above value if growth stopped today | |
| Market cap | $2.2B | $37.7B | Not reported | $3.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |