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.
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%.
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%.
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%.
| Measure | WTRG | DTM | WEC | WELPP |
|---|---|---|---|---|
| Moat Score (0–100) | 42 (highest) | 42 (highest) | 42 (highest) | 42 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 84 | 91 (highest) | 66 | — |
| Pricing power | — | — | 96 | 99 (highest) |
| Returns on capital | 4 | 1 | 3 | 16 (highest) |
| Balance-sheet safety | 2 | 8 | 1 | 16 (highest) |
| Capital allocation | 77 (highest) | 70 | 43 | 35 |
| No price data | 260% above value if growth stopped today | 141% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | |
| Market cap | Not reported | $14.8B | $37.7B | $2.2B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |