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.
XIFR · 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%.
NWE · 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%.
FE · 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%.
GWRS · 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 | XIFR | NWE | FE | GWRS |
|---|---|---|---|---|
| Moat Score (0–100) | 20 (highest) | 20 (highest) | 20 (highest) | 20 (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 | 55 | 50 | 56 (highest) | 55 |
| Pricing power | — | — | — | — |
| Returns on capital | 0 | 1 (highest) | 0 | 0 |
| Balance-sheet safety | 0 (highest) | 0 (highest) | 0 (highest) | 0 (highest) |
| Capital allocation | 24 | 29 (highest) | 24 | 24 |
| 76% below value if growth stopped today (largest discount to value if growth stopped today) | 121% above value if growth stopped today | 136% above value if growth stopped today | 276% above value if growth stopped today | |
| Market cap | $934M | $4.6B | $26.7B | $230M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |