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 | XEL | PEG | DUK | WEC |
|---|---|---|---|---|
| Moat Score (0–100) | 39 | 41 (highest) | 41 (highest) | 39 |
| Pricing power | 100 (highest) | 100 (highest) | 100 (highest) | 96 |
| Returns on capital | 3 (highest) | 3 (highest) | 0 | 3 (highest) |
| Balance-sheet safety | 0 | 2 (highest) | 1 | 1 |
| Capital discipline | 41 | 47 | 52 (highest) | 43 |
| Margin of safety | 54% above value | No price data | 38% above value (highest margin of safety) | 45% above value |
| Market cap | $49.1B | $39.2B | $97.3B | $36.9B |
| Moat tier | No moat | Shallow moat | Shallow moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |